ANDHRA PRADESH

Insurance staff stage protest

Special Correspondent

KURNOOL: Employees of Insurance companies resorted to strike here on Tuesday to protest against hike in the FDI cap to 49 per cent from 26 per cent by the government. The union leaders who took part in the protest said the government which had no courage to introduce the Bill in the Lok Sabha chose Rajya Sabha to pass the controversial Bill.

Advantageous to MNCs

They said the bill would help the companies like AIG to restart their operations on India soil to make up the losses at its home turf. The employees of Oriental, National, New India Assurance and United India Insurance companies took part in the strike. Work was affected in all offices. Convener of Joint Action Committee (JAC) B. Venkatesh, P. Pavitra Kumar, Venkoba Rao and others were present.

Anantapur Staff Reporter adds: Functioning of the LIC offices was hit throughout the district due to the lightening strike. Class I, II, III and IV employees of the LIC participated in the strike. They also gathered in front of the local branches one and two and staged a protest. Speaking at the protest, Insurance Corporation Employees’ Union (ICEU) leaders G. Babulal, T. Ramakrishna, J. Harinath and others said the amendments to the Insurance Bill would bring down the bonus amount of policy holders considerably. They decided take the matter to the people through various forms of protests and bring pressure on the government to withdraw the bill.

BSNL Employees’ Union also expressed solidarity with the LIC employees’ protest.

Demonstrations

Kadapa Special Correspondent adds: LIC employees and officers staged a demonstration before LIC divisional office here on Tuesday. All India Insurance Employees Association zonal working committee member A. Raghunatha Reddy and district general secretary B.V.S. Raju resented the introduction of a Bill increasing the FDI, which they claimed, would jeopardise the interests of policy holders.

Nellore Staff Reporter adds: The employees of various categories, officers and development officers abstained from duties and staged a dharna in front of the LIC Office at Dargamitta in Nellore city. They raised slogans protesting the government decision to increase the FDI from 26 per cent 49 percent and demanded the government to withdraw the bill immediately.

ICEU Nellore division president R.Nagesh, vice-president N.Prasada Rao, general secretary P.L.Ramana, joint secretary O.Adi Narayana and staff participated in the dharna.

Speaking to “The Hindu” LIC senior divisional manager K.S.Sundararajan said about 900 employees including some officers in Nellore, Chittoor and Prakasham districts participated.

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