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LIC bets on Adani: Over 2 years, steadily increases holding in its group companies


WHEN mutual funds shy away from Adani Group companies, when their shares are tightly held, one investor finds it attractive: the government-owned Life Insurance Corporation of India.

In just eight quarters since September 2020, LIC has increased its shareholding sharply in four of the seven listed Adani Group companies, and in at least one of them almost six-fold.

Filings of the Adani Group companies to the stock exchanges reviewed by The Indian Express show that the total value of LIC’s holdings in these seven companies stood at Rs 74,142 crore as on date. This is 3.9 per cent of the Adani Group’s total market capitalisation of Rs 18.98 lakh crore.

Of its own equity portfolio, which is about Rs 9.3 lakh crore as on June 30, 2022, the value of LIC’s holdings in Adani Group companies at the closing price Thursday, accounts for 7.8 per cent.

How LIC shareholding in Adani Group companies increased between September 2020 and September 2022:

* From less than 1 per cent in flagship Adani Enterprises LIC’s stake rose to 4.02 per cent.

* In Adani Total Gas, it jumped to 5.77 per cent from less than 1 per cent.

* In Adani Transmission, LIC shareholding rose to 3.46 per cent from 2.42 per cent

* In Adani Green Energy, it has increased to 1.15 per cent from less than 1 per cent.

* The only exceptions are Adani Ports, where LIC holding is flat at 9.61 per cent, and two other firms Adani Power and Adani Wilmar, in which it is under 1 per cent.

Reflecting this increase in shareholding and stock prices, the worth of LIC’s shareholding and its value of LIC’s holding in the Adani Group companies has multiplied 10 times since September 2020: From just Rs 7,304 crore, or 1.24 per cent of the insurer’s equity AUM (assets under management), to Rs 74,142 crore, or 7.8 per cent now.

This stands out for the following reasons:

* In the insurance sector, LIC is the overwhelming No. 1 when it comes to investing in Adani Group companies. As on December 1, 2022, its Rs 74,142 crore is 98.9 per cent of the entire insurance industry’s investment in the group.

* LIC’s investment is more than five times the value of the holdings of all equity mutual funds in Adani Group companies. As of October 31, 2022, just Rs 15,701 crore, or barely 1 per cent, of equity funds’ total assets of Rs 15.22 lakh crore was invested in Adani Group companies – a level, in shareholding terms, that has held since September 2020.

* Over the last two years, as LIC bought shares in Adani Group companies, the group’s market capitalisation also rose – by almost seven times to Rs 18.98 lakh crore now from Rs 2.78 lakh crore on September 30, 2020. The benchmark Sensex increased 1.66 times to close at 63,284 points Thursday.

The Indian Express sent an email to the LIC spokesperson seeking response on the insurer’s significant purchases of Adani stocks. No response was received.

Incidentally, LIC holds 3.98 per cent of the aggregate market capitalisation of Tata Group companies (Rs 21.91 lakh crore), and mutual funds as a whole, hold 4.9 per cent.

Similarly, while LIC holds 6.45 per cent stake in RIL (market cap of Rs 18.42 lakh crore), mutual funds hold 5.68 per cent.

The Tata Group companies and the Adani Group are the top two in terms of market capitalisation followed by RIL.





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Increased consumer spending helps GST rise by 11% in November


The collections from Goods and Services Tax grew by 11 per cent to about Rs 1.46 lakh crore in November on increased consumer spending and better compliance.

The gross GST revenue collected in the month of November 2022 is Rs 1,45,867 crore. (Representative photo)

By Press Trust of India: The collections from Goods and Services Tax (GST) grew by 11 per cent to about Rs 1.46 lakh crore in November on increased consumer spending and better compliance. This is the ninth month in a row that the revenues have remained above the Rs 1.4 lakh crore mark.

However, the collection in November was the lowest since August. In October, GST collections had touched the second-highest level of Rs 1.52 lakh crore on festive spending. The gross GST revenue collected in the month of November 2022 is Rs 1,45,867 crore of which Central GST is Rs 25,681 crore, State GST is Rs 32,651 crore, Integrated GST is Rs 77,103 crore (including Rs 38,635 crore collected on import of goods) and cess is Rs 10,433 crore (including Rs 817 crore collected on import of goods).

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“The revenues for the month of November 2022 are 11 per cent higher than the GST revenues in the same month last year, which itself was Rs 1,31,526 crore,” the Finance Ministry said in a statement.

KPMG Partner Indirect Tax Abhishek Jain said continuing festive procurements, year-end reconciliations of input tax credits, credit notes, etc. have played a significant role in the GST revenue uptick. N.A. Shah Associates, Partner, Indirect Tax, Parag Mehta said the major factors for the increase in collections are the festive and wedding seasons. “There has also been a major increase in sales for real estate and vehicle markets. Overall, there is substantial spending by consumers. Further, the authorities have been cracking down on tax evaders, defaulters, fake invoice instances etc,” Mehta said.

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AMRG & Associates Senior Partner Rajat Mohan said GST collections for the month of October 2022 are encouraging and now it seems to be stabilizing around 1.5 lakh crores. “October and November are festival months, which drove up purchases of goods and services, fueling GST numbers once again. In October, individuals splurged on real estate, automobiles, vacations, and other essential items,” Mohan said

During November, revenues from the import of goods were 20 per cent higher and the revenues from the domestic transactions (including import of services) are 8 per cent higher than the revenues from these sources during the same month last year. TIOL Knowledge Foundation, Chairman Shailendra Kumar said a very good sign is the sustained growth in IGST collections from imports, including services. This will cushion future growth in the economy.

Revenues from GST touched a record of about Rs 1.68 lakh crore in April. In May, the collection was about Rs 1.41 lakh crore, June (Rs 1.45 lakh crore), July (Rs 1.49 lakh crore), August (Rs 1.44 lakh crore), September (Rs 1.48 lakh crore), October (Rs 1.52 lakh crore) and November (Rs 1.46 lakh crore).

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Tax Connect Advisory Partner Vivek Jalan said the Budgeted GST Revenue for the Government of India for 2022-23 was Rs 7.8 lakh crores out of which Central GST was Rs 6.6 lakh crore and compensation cess was Rs 1.2 lakh crore. It means that the budgeted GST collection is Rs 14.4 lakh crore approx.

Till the month of November, Rs 11.91 lakh crore has already been done. “Hence even if one takes a conservative estimate of Rs 5 lakh crore in the next 4 months, then the fiscal year would end with an uptick of Rs 2.5 lakh crore approx which is a 17 per cent growth over budget,” Jalan added.



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Cellphones Of 3 Including AAP MLA Stolen During Party’s Roadshow In Delhi


The mobile phones of AAP MLA and two others were stolen during a roadshow of CM Arvind Kejriwal. (File)

New Delhi:

 The mobile phones of AAP MLA Akhilesh Pati Tripathi and two others were stolen during a roadshow of Chief Minister Arvind Kejriwal in north Delhi’s Malka Ganj area on Wednesday, police said.

Deputy Commissioner of Police (north) Sagar Singh Kalsi said Tripathi, AAP MLA Somnath Bharti’s secretary and Guddi Devi have lodged complaints regarding the theft of their mobiles.

Cases have been registered and an investigation is underway, he said.

Thousands carrying Aam Aadmi Party flags and banners of Kejriwal gathered at Chandrawal road as the chief minister held a roadshow in the area ahead of the upcoming municipal elections in Delhi. Many sang and danced to drumbeats.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Jailed AAP Minister Satyendar Jain Asked To Approach Trial Court In Defamation Case


In November, the court had dismissed Satyendair Jain’s plea seeking discharge in case. (File)

New Delhi:

The Delhi High Court today asked Delhi Minister Satyendar Jain to approach the trial court to challenge the proceedings against him in a criminal defamation complaint filed by Delhi BJP leader Chhail Bihari Goswami.

Justice Dinesh Kumar Sharma allowed the AAP leader to withdraw his plea challenging the orders by a magisterial court here and granted him liberty to approach the trial court by way of a revision petition instead of approaching the high court.

“File a revision petition. Why to lose one forum?” the judge said.

Senior advocate Rebecca John, appearing for Satyendar Jain, said the petitioner filed the plea because no case was made out to proceed against him as his alleged statements do not fulfil the ingredients to constitute the offence of defamation.

Chhail Bihari Goswami had filed a defamation complaint against Satyendar Jain and several other AAP leaders, claiming the accused had levelled defamatory remarks against him in connection with funds of the North Delhi Municipal Corporation (NDMC).

Chhail Bihari Goswami, who was the chairperson of the Standing Committee of the NDMC, alleged the accused passed the remarks to “lower the moral and intellectual character of the complainant in the eyes of the general public”.

In February, the court of Additional Chief Metropolitan Magistrate had summoned Satyendar Jain, Atishi, Raghav Chadha, Sourabh Bharadwaj, and Durgesh Pathak on the criminal defamation complaint.

“The court is of the considered view that prima facie accused persons namely Satyendar Jain, Atishi Marlena, Raghav Chadha, Durgesh Pathak, and Sourabh Bharadwaj have committed the offence punishable under Section 499/500 (defamation) IPC read with Section 34 (common intention) IPC,” it had said.

In November, the magisterial court had dismissed Satyendair Jain’s plea seeking discharge in the case.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Private Sector Should Provide Jobs To Ex-Servicemen: Rajnath Singh


The Government consider the ex-servicemen as valuable assets, Rajnath Singh said.

New Delhi:

Defence Minister Rajnath Singh has appealed to the nation to contribute generously to the Armed Forces Flag Day Fund, terming it the moral responsibility of every citizen to ensure the welfare of the soldiers and their families.

Addressing the Armed Forces Flag Day CSR Conclave, organised by the Department of Ex-Servicemen Welfare, Ministry of Defence, in New Delhi on Tuesday, he expressed gratitude to the retired as well as serving Armed Forces personnel, whose courage & sacrifice, has safeguarded the sovereignty and integrity of the country.

He mentioned a soldier’s message enshrined on the Kohima War Memorial in Nagaland, which read ‘When you go home, tell them of us and say, for your tomorrow, we gave our today.’ He said it is the nation’s collective responsibility to help the soldiers and their families.

“Since independence, whether it was to win wars or counter terrorist activities from across the border, our soldiers have given a befitting reply to all challenges with courage and promptness. In the process, many of them made the supreme sacrifice and many became physically disabled. The entire responsibility of their family rests on them. It is, therefore, our ultimate responsibility to come forward and support our soldiers and their families in every way possible. It is because of our brave soldiers, who are always alert at the borders, we sleep peacefully and live our lives without fear,” said Rajnath Singh.

Mr Singh also threw light on the fact that a large number of military personnel retire at the age of 35 to 40 years so that the youthful profile of the Armed forces is maintained. He described this as another reason for the people to extend all possible help to the ex-servicemen and their dependents.

Reiterating the Government’s commitment towards the welfare of the country’s Bravehearts, Rajnath Singh stated that a number of initiatives have been taken in this direction.

The initiatives include ‘Bharat Ke Veer’ portal, which was launched when Rajnath Singh was the Home Minister, for the welfare of officers and jawans of the Central Armed Police Forces. Recently, ‘Maa Bharati Ke Sapoot’ website was launched by him for the contribution to the Armed Forces Battle Casualties Welfare Fund.

He asserted that “the welfare of soldiers, who ensure our national security, should not be the responsibility of only the government, but it should be the duty of all”.

He emphasised that industries and businesses can never flourish in a country where national security is not strong. Appreciating the support of big corporate donors in the last few years, which has led to a substantial increase in the fund, he exhorted the fraternity to contribute even more to the well-being of the soldiers and the nation at large.

With top corporate heads in attendance at the event, Rajnath Singh stated that the government recognised the power of the private sector & its role in the progress of the country as soon as it came to power in 2014, adding that the defence sector, which was always considered untouched for the private companies, is now fully prepared to welcome them.

He urged the private sector to provide employment opportunities to about 60,000 soldiers who retire at a very young age every year, saying that these disciplined ex-servicemen are capable of understanding the most complex technology and using it proficiently. He said the Department of Ex-Servicemen Welfare carries out the task of ensuring employment for the veterans and the Industry can make a special contribution in this direction.

“The Government does not consider the ex-servicemen as a liability, but we see them as valuable assets, who are not only disciplined and an inspiration to society but also equally effective as a workforce. By including them, the private companies can increase their productivity and help these ex-servicemen lead a dignified life,” said Rajnath Singh.

On the occasion, the Defence Minister also launched a new website for the Armed Forces Flag Day Fund.

The portal is an interactive and user-friendly portal developed to promote online contributions to the fund. He also released the anthem for this year’s promotional campaign for the Armed Forces Flag Day. He also felicitated the prominent CSR contributors to the Fund including Indian Oil Company Limited, Mother Dairy, State Bank of India, ICICI Foundation, LIC Golden Jubilee Foundation and LIC Housing Finance Limited.

MoS for Defence Ajay Bhatt, Chief of Defence Staff General Anil Chauhan, Secretary (Ex-Servicemen Welfare) Vijoy Kumar Singh, other senior officials of MoD, members from the CSR fraternity and serving & retired personnel of the Armed Force attended the conclave.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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LIC Jeevan Anand plan 915| Best insurance plan | In Hindi| Short video With an example



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LIC JEEVAN LABH

LIC Jeevan Anand is a traditional participating whole life endowment plan. The plan provides an option of regular premium payment to the insured. On survival till the end of the plan term, the benefit on maturity is paid to the insurance holder and the plan continues to be in force.10-Sept-2021
Parameters: Max Life Monthly Income Advanta…
You get money in: Year 16 till 25
Total Amount you get: Rs. 61,94,148
LIC’s New Jeevan Anand is a good life insurance plan for your family. It offers an attractive combination of savings and protection. The cover provided is available throughout the lifetime of the policy. In addition, this plan comes with a loan facility as well.

How is maturity amount calculated in LIC Jeevan Anand?
Details of your Plan:
Sum Assured (A): = Rs. 5,00,000.
Total Bonus Amount on Maturity (B): * = Rs. 1000.
Maturity Amount (A+B): = Rs. 35,000.
Period of Maturity = Dec, 2021.

What is the surrender value of Jeevan Anand?
Guaranteed Surrender value: 30% of all premiums paid excluding first year premium.
What is date of maturity in Jeevan Anand?
Example 2: Suppose Rohan, who is 25 years old, buys a Jeevan Anand policy in the year 2019 for 25 years (Policy Term).

LIC New Jeevan Anand Premium Illustrations.

Which is better Jeevan Umang or Jeevan Anand?
Let us dig in and have a detailed comparison between Jeevan Anand and Jeevan Umang so that you know which policy suits your requirements the best.

Benefit Illustration.
Age of the life assured (Nearer Birthday) 30 Years
Premium Payment Mode Yearly
Basic Sum Assured 1,00,000
Premium (Excluding Taxes) 3,165

Can I surrender Jeevan Anand policy before maturity?
Refer to the below link for more details on LIC Jeevan Anand Policy. This policy can be surrendered at any time. However, if you surrender it before completion of three years, you will not get any sum in return

How is LIC paid up calculated?
Paid-up value is usually calculated as number of paid premiums X sum assured /total number of premiums

What is surrender benefit?
Definition: It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity. … A regular premium policy acquires surrender value after the policyholder has paid the premiums continuously for three years.

What is paid up option in LIC Jeevan Anand?
LIC’s Jeevan Anand policy is an endowment plan that has both insurance and investment elements in it. … One, converting the policy into a paid-up policy will lock your money for the term of the policy. The paid up value will be paid out at maturity or on death claim.

What is sum assured in LIC?
What is the Sum Assured? The sum assured is the guaranteed amount that the beneficiary of your life insurance policy will receive in case of your death. The sum assured is also known as the coverage or the cover of your insurance policy.

Is Jeevan Anand a endowment policy?
LIC’s New Jeevan Anand Plan is a participating Whole Life Endowment Plan with various. As the name suggests, this whole life endowment plan continues to provide coverage till the death of the insured even after the maturity of the plan.
How is Jeevan Anand premium calculated?
Premium can be easily calculated using the LIC Jeevan Anand Calculator. Let’s assume, LIC declares a simple reversionary bonus of 50 per 1,000 sum assured and a final additional bonus of 15 per 1,000 sum assured. This means annual simple reversionary bonus will be 50/1,000 (10, 00,000) = 50,000.
How does LIC pay bonus?
Image result
Bonus (or Simple Reversionary Bonus) : LIC deposits your premium money into Govt. bonds of varying guaranteed interest rates. Depending on the combination of interest rates, LIC declares a bonus for each year for each kind of policy and depending on the term of the policy.

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In charts: Why Morgan Stanley is bullish on India and thinks sensex can touch 80,000 next year


NEW DELHI: Foreign brokerage firm Morgan Stanley has predicted that BSE sensex is expected to touch the 80,000-mark by December 2023 if India is included in global bond indices which can result in $20 billion of inflows over the subsequent 12 months.
Other factors which can propel sensex to 80,000 points include commodity prices like oil and fertiliser correcting sharply, and earnings growth compounding at the rate of 25 percent annually over FY2022-25.
But India might have to wait until early next year to see its bonds enter the JPMorgan emerging market global index as reports suggest the inclusion has been delayed due to prickly operational issues. According to Reuters, bond settlement rules and tax complexities need to be resolved before the inclusion takes place.
The brokerage firm also sees a 50% chance of the sensex hitting 68,500 by the end of 2023, assuming that the effects of the Russia-Ukraine war do not spill over into next year, domestic growth continues its strong path and the US does not slip into a protracted recession.

“India is likely to have better growth than most parts of (emerging markets), a sustained domestic bid, a relatively strong macro environment plus light positioning by foreign portfolio investors,” said analysts at Morgan Stanley.
Bull market intact: At the helm of India’s outperformance has been government policy, including a structural rise in the domestic equity saving pool, a boost to corporate profit share in GDP and a focus on FDI flows, which raised the share of FDI in balance of payments, allowing India to run monetary policy that is less sensitive to the US Fed, and reduced the equity market’s sensitivity to US growth conditions and oil prices, said analysts at Morgan Stanley.
The brokerage expects profit share in GDP to double from its current level of 4 percent to 8 percent over the next four years, indicating that broad market earnings could compound annually at 20-25 percent.
However, in a bear case scenario, the firm sees sensex dropping to 52,000 if commodity prices remain elevated, RBI tightens aggressively and recession in the US and Europe drag down India’s growth.
There’s a 20 percent probability of this, according to Morgan Stanley.
“An up-trending profit cycle, a likely peak in short rates and ebbing global macro risks relative to 2022 make the case for absolute upside to Indian stocks,” said the brokerage.
Here we decode the key reasons for Morgan Stanley’s bullish view on India:
1. Earnings: Morgan Stanley expects 2023 corporate earnings to be strong, with an improvement in margins led by a durable rise in capital spending and benign material prices. India appears to have multiple sources of capex, including energy transition, the Internet, climate change, production-linked incentive schemes,growing exports, depleted capital stock, infrastructure, real estate and FDI going into the next few years. Rising capex is good for corporate profit margins until the capex becomes unproductive, it said.

. Consensus estimates are likely heading higher

2. Market view on 2024 general elections: Given how central policy has been to India’s improving macro and stock market outperformance, the market view on the election outcome is likely to affect stock markets considerably in the second half of 2023.
3. Likely increase in net flow: Morgan Stanley expects a rise in equity issuances in 2023 which should smother some of the bid that is coming from domestic investors. At the same time, given how deep the selling by FPIs has been,FPI buying will return to India.

4. Short rates likely peaking: The brokerage expects the RBI to exit the current rate cycle at 6.5%, or 60 bps above its current level, premised on the fact that inflation is heading lower in 2023. This will likely improve liquidity conditions, facilitate further acceleration in credit growth,and help share prices.

5. Global growth and commodity complex: If the global economy slips into recession, it would not be good news for India, which exports about 20% of its output

That said, since India is gaining share in global exports, the slowdown in global growth is affecting it less than in the past. The commodity complex,especially oil and fertilizer, may have greater impact on India’s macro conditions, given the adverse impact on inflation and,hence, rates and growth. In our base case, global liquidity is likely improving in 2023, led by a peaking of the US dollar, though in a bear case scenario this may turn out otherwise, it noted.

Relative valuations: India’s relative valuations are just off all-time highs and appear to be an impediment to further outperformance

That said, India is likely to have better growth than most parts of emerging markets,a sustained domestic bid,a relatively strong macro environment plus light positioning by foreign portfolio investors.
“Based on our indicator, the market is pricing in much less earnings growth than it was at the start of 2022,” said Morgan Stanley.

Sentiment: The market still does not appear at extremes when measured on flows, holding periods, market breadth. “Our BSE sensex target of 68,500 implies upside potential of 10% to December 2023. This level suggests that the BSE sensex will trade at a trailing P/E multiple of 25x,ahead of the 25-year average of 20x. The premium over the historical average reflects greater confidence in the medium-term growth cycle in India,” said Ridham Desai, equity strategist at Morgan Stanley.

So what should investors bet their money on?
“The peaking of short-rate hikes will likely favor non-banking lending businesses, but a recovery in credit growth favors banks, too. Continuing strong domestic growth will ikely drive outperformance of consumer discretionary stocks. Growing evidence of capital spending would likely favor industrials,” said Desai.
What should investors avoid?
Avoid defensives and global cyclicals: A reversal in absolute index returns to the upside would likely be accompanied by underperformance of defensives – consumer staples, utilities and telecom. Slow global growth likely keeps the lid on performance of global cyclicals including energy and materials, he added.
Experts believe small-caps will likely outperform large-caps –the opposite of their call at this time last year.
The brokerage firm also continues to pursue ideas around clean energy spending, defence indigenisation, a new residential property, auto, and air travel cycle, a multiyear credit cycle for financials and life insurance, digital transformation, and market share concentration, plus horizontal growth for discretionary and staple consumption and electric vehicles as key themes for 2023.





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Vijayawada: loco pilots oppose privatisation, selling away of railway properties


Leaders of All India Loco Pilot Running Staff Association explaining how the Centre is allegedly privatising Indian Railways, Air India, Coal Mines and LIC in a phased manner, during the golden jubilee celebrations of the association in Vijayawada on Monday.
| Photo Credit: G.N. RAO

Members of the All India Loco Running Staff Association (AILRSA) demanded that the government stop privatisation, outsourcing system and selling away of railway assets in Indian Railways.

The loco running staff raised slogans urging the government to stop anti-employees’ measures and save Indian Railways.

Loco pilots across the South Central Railway (SCR) were celebrating the Golden Jubilee Celebrations of AILRSA from November 28 to 30. They took out a rally from Railway Parcel Office to Gymkhana Grounds, where the rally culminated in a public meeting.

Former MP and chairman of Parliamentary Standing Committee, Indian Railways, Basudeb Acharia, who was the chief guest for the programme, said due to increasing privatisation, the organisation was slowly slipping into the hands of private persons.

CITU general secretary and former MP Tapan Sen, who flagged off the rally, congratulated the loco pilots for celebrating the golden jubilee celebrations of the association, which was formed in Vijayawada in 1970.

MLC K.S. Lakshmana Rao blamed the government for downsizing the staff in railways and called upon the employees to fight against privatisation. AILRSA central vice-president T. Hanumaiah and general secretary general M.N. Prasad, demanded that the government run crack specials ensuring that they touch headquarters, sanction leaves, give weekly off, declare running staff under ‘intensive category’ and fill up vacancies.

Leaders Harilal, P.S. Suriya Prakasam and Rajib Gupta, appealed to the Centre to scrap national pension scheme and restore old pension scheme, provide facilities for women loco pilots and restrict consecutive night duties for two days for running staff.



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Hello dosto apka savagt hai the job bajar youtobe channel me aap sbhi dosto ke liye new job ka notifiction ani time apko milega private company ho ya sarkari job ho letest job ka notifictio the job bajar youtobe channel par deta hu privet company me kam karne me interset lete hai to the job bajar channel ko subcribe karke bell icon prees
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This channel is jobs provide all job free(जॉब पाने के लिए किसी को रुपया नहीं देना है private company ho ya government दोनों का video बना के डालता हू job जॉब्स के बारे में बताता हू

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