Wednesday, August 5, 2009

LIC staff to go on 2-hour strike on Aug 4 to protest LIC Bill

The LIC employees will observe a nationwide two-hour walk out strike on August 4, 2009 in protest against the introduction of LIC (Amendment) Bill 2009 in the Lok Sabha. The strike call was given by All India Insurance Emoloyees' Association (AIIEA).
The Bill introduced in the Lok Sabha was a step further in implementing the recommendations of the Malhotra Committee which recommended opening up of insurance sector to private capital, General Secretary of the association K Venu Gopal said in a statement here today.
The move is to meet the demands of the foreign capital to further liberalise the insurance sector and the bill is detrimental to the interests of the policyholders and the national economy, he said.