Choose Life, Not Tobacco         |         Smoking is a habit that drains your money and kills your slowly, one puff after another….         |         Smoking helps you to relax… in Death-bed         |         Smoking is injurious not only to you, but for the ones around you also… Quit before it’s late         |         Smoking Leaves an Unseen Scar, it fill your Insides with Toxins and Tar         |         Only a fool would put his lips, at the other end of a burning fie.         |         Irony is, Tobacco companies kill their Best Customers.         |         You’re a Fool, if you think smoking is cool.         |         Tar the Roads, not your lungs.         |         Be brighter, put down the lighter.         |         Put the smoke out, before it put you Out.         |         Who’s going to retire on your hard-earned dollars… You or some tobacco company executive?         |         A Friend in Deed won’t make you smoke that weed.         |         Smokers die young, be smart, don’t start.         |         Every time you light up A cigarette, you are saying that your life isn’t worth Living….        |         Don’t let being on a ventilator ultimate become, the reason you eventually quit smoking. Save lungs while you can.         |         If you can’t stop smoking…. Cancer will.         |         Cigarettes are like Squirrels. They are perfectly harmless until you put one in your mouth and light it on fire.

Posts Under Tag: Life Insurance Corporation

LIC, UTI and other PSUs are big shareholders in Tobacco Industry, violate anti-tobacco treaty

On World No Tobacco Day, CNN-IBN aired the news about an RTI query filed by Voice of Tobacco Victims, which revealed that public sector concerns like Life Insurance Corporation (LIC) and Unit Trust of India (UTI Limited) had a large chunk of shareholding in cigarette companies like ITC and VST. This violates an international treaty India signed in 2004.

Anti-tobacco groups are questioning the nexus between the government and tobacco majors.Government-owned Life Insurance Corporation of India has invested in nearly a hundred crore shares (99,58,91,658 shares) of ITC Ltd, VST Industries and DS Group. Cigarettes and Tobacco products, which kill lakhs of Indians every year, are the main source of revenue for these companies.

Should Life Insurance Corporation invest Public Money in tobacco companies?

Should government-run companies invest in tobacco firms? This is the question that Voices of Tobacco Victims (VoTV), a campaign for cancer patients, has raised after its recent query under the RTI Act revealed that the Life Insurance Corporation of India has invested up to Rs 3,500 crore in various tobacco companies.

“It’s the greatest irony that the government spends Rs 10,000 crore on treatment of tobacco-related illnesses while investing Rs 3,500 crore in the industry causing it,” said Dr Pankaj Chaturvedi, a senior cancer surgeon with Tata Memorial Hospital who is associated with VoTV.

On Thursday, VoTV circulated copies of the RTI reply from LIC dated July 15. LIC has mentioned that it has equity shares in tobacco major ITC Ltd worth Rs 3,561 crore, debentures worth Rs 50 crore in Dharampal Satyapal Ltd and equity shares in VST worth Rs 15.65 lakh.

VoTV wants the government to take an anti-tobacco stance especially since it was among the first to ratify the global anti-tobacco framework. The framework was worked out by the UN after it was medically established that tobacco products are harmful and could cause cancer.

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