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Proposal to hike FDI in insurance sector opposed


Proposal to hike FDI in insurance sector opposed
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Members from the Insurance Corporation Employees Union held a protest near the LIC building in the city, protesting against the proposed hike in FDI in the insurance sector from 49% to 74%, privatisation of one General Insurance Company and two PSU banks and listing LIC in the stock market, during the 2021-22 financial year.
They said that the move to disinvest LIC will severely impact the economy. They also said that it was against the objectives of LIC.
ICEU general secretary of the Visakhapatnam division, N. Ramanchalam, said that demonstrations against the move are being held across the country and will continue till the Union Government goes back on its proposal. ....

Andhra Pradesh , Suresh Nambath , Union Government , Insurance Company , Insurance Corporation Employees Union , General Insurance Company , Digital Subscription , Support Quality , ஆந்திரா பிரதேஷ் , தொழிற்சங்கம் அரசு , காப்பீடு நிறுவனம் , காப்பீடு நிறுவனம் ஊழியர்கள் தொழிற்சங்கம் , ஜநரல் காப்பீடு நிறுவனம் , டிஜிட்டல் சந்தா , ஆதரவு தரம் ,

Privatisation move: LIC staff stage protest


Staff members form human chain at lunch hour
Members of the Insurance Corporation Employees’ Union (ICEU), Machilipatnam division, at CB-2 and CAB branches located at Bhavanipuram, formed a human chain at lunch hour, raising slogans like Protect and save LIC’. The demonstration was staged in response to a call given by All India Employees’ Association (AIIEA) to observe the 65th anniversary of the Nationalisation of Life Insurance Business.
Divisional joint secretary Ch. Kaladhar recalled that in 1956, the Government of India promulgated an ordinance and took over the management of 245 private insurance companies which had unleashed a reign of loot and plunder and had been resorting to financial misappropriations. ....

Andhra Pradesh , Members Of The Insurance Corporation Employee Union , India Employee Association , Insurance Corporation Employee Union , All India Employee Association , Life Insurance , Lic Privatisation , Lic Staff Protest , Insurance Corporation Employees Union , ஆந்திரா பிரதேஷ் , உறுப்பினர்கள் ஆஃப் தி காப்பீடு நிறுவனம் ஊழியர் தொழிற்சங்கம் , இந்தியா ஊழியர் சங்கம் , காப்பீடு நிறுவனம் ஊழியர் தொழிற்சங்கம் , அனைத்தும் இந்தியா ஊழியர் சங்கம் , வாழ்க்கை காப்பீடு , உரிமம் ஊழியர்கள் ப்ரொடெஸ்ட் , காப்பீடு நிறுவனம் ஊழியர்கள் தொழிற்சங்கம் ,