Andhra Pradesh - Kadapa   

LIC union threatens stir

KADAPA: LIC Employees Union national general secretary K. Venugopal on Sunday warned that insurance employees would go on a day’s strike if the UPA government introduced in the Parliament the Comprehensive Insurance Bill in increasing the limit of foreign investment.

In the wake of the Indo-US nuclear deal, private insurance companies in India and the US were pressurising the UPA government to take up reforms in LIC banking, pension and provident fund companies, he alleged. Such reforms would ruin the Indian economy like in the US, he feared.

He opposed the reforms mooted in Life Insurance Corporation of India, in the wake of private insurance companies becoming bankrupt in the US.

Union’s Kadapa divisional president S. Sultan Mohiddin presided. Its zonal president B. Rajendra Prasad, divisional general secretary B.V.S. Raju, CITU district vice-president B. Narayana, zonal committee member A. Raghunatha Reddy and women’s wing convenor Y. Srivani participated.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

LIC union threatens stir
Water pipeline from Somasila backwaters
15,000 tonnes of fertilizer by Oct.15
Farmer dies on NH
TD alleges irregularities in fertilizer distribution

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu