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Centre’s move to bring LIC IPO opposed
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It is primarily against the spirit of Atmanirbhar Bharat, say insurance employees
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It is primarily against the spirit of Atmanirbhar Bharat, say insurance employees
The members of All India Insurance Employees Association (AIIEA) have criticised the Finance Minister’s announcement in the Union Budget that the Central government would bring the LIC IPO in this financial year.
They pointed out that the LIC IPO is primarily against the spirit of Atmanirbhar Bharat.
It is an institution which does not create any profit for itself, as it distributes the entire surplus generated to the government and the policyholders, they said.