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of <h1>Political Leader Challenges State Insurer's 15-Year Bond Investment in Private Corporate Group Amid Public Fund Concerns</h1> A political leader criticized a state-owned insurance company for investing 5,000 crore rupees in a private corporate group's bond issue. The investment was a 15-year non-convertible debenture with a 7.75% annual interest rate. The leader argued that public funds collected through insurance premiums are being used to benefit a private entity, raising concerns about the use of public financial resources.
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