LIC staff call for one-day nationwide strike
The employees and officers of Life Insurance Corporation (LIC) of India have decided to observe one-day nationwide strike on March 18, 2021.
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Hyderabad : The employees and officers of Life Insurance Corporation (LIC) of India have decided to observe one-day nationwide strike on March 18, 2021. The strike is to protest against the decision of the government to list LIC in the stock markets through an IPO, increase FDI limits in the sector from 49 per cent to 74 per cent and to privatise the public sector general insurance company.
The strike call given by All India Insurance Employees' Association (AIIEA) and all other trade unions in the industry. AIIEA president V Ramesh and its general secretary Shreekant Mishra in a press statement, opposed to all the three proposals as these are not in the interest of the insurance industry, the Indian economy and the people. The disinvestment in LIC is the first step towards privatisation. Therefore LIC IPO violates the very objectives of its creation.
