The Bombay High Court will hear a public interest litigation (PIL) filed by two Tata Trusts trustees, along with five others, against the Union government, the Insurance Regulatory and Development Authority of India (Irdai), Life Insurance Corporation (LIC) and other state-run insurance companies. The PIL called on the high court to direct the public sector insurance companies to divest their shareholding from the companies that are directly and indirectly engaged in the tobacco businesses. The PIL argues that investment by those companies in the tobacco business is against the spirit and intent of the World Health Organization’s Framework Convention on
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
