Govt to force LIC, SBI & pension funds to invest in stalled housing projects. I mean these fund managers aren't going to take prudent financial decisions for its investors. But throw our money down the drain on the directions of Govt.
@naukarshah I mean, who wakes up and thinks, "Hey, let's throw 10,000 crore of taxpayer money at private real estate players. So what if they got to this stage through mismanagement, greed and siphoning off funds to offshore accounts. What could go wrong?"
@naukarshah How is this even legal? The money with SBI or LIC belongs to those who invested it. How can they just spend it like this. Not for the first time either. Isn't this going to make these orgs bankrupt (if not already)?