KARNATAKA

Insurance employees stage demonstration

Staff Correspondent

MYSORE: Members of the Insurance Corporation Employees’ Union (ICEU), Mysore division, boycotted work and staged a demonstration at K.R. Circle here on Tuesday in response to a nationwide call given by All India Insurance Employees’ Association opposing foreign direct investment (FDI) in the insurance sector.

Alleged

Addressing the protesters, general secretary of ICEU S.S Nagesh and president N. Vijayakumar alleged that the United Progressive Alliance Government was enhancing the cap for FDI in the insurance sector according to the wishes of certain foreign companies. The global meltdown was already taking a toll on the country and the financial sector was reeling under the recession.

The Government was not serious about addressing the problems of the financial sector, they alleged. Leaders of various trade unions including, Bharath Sanchar Nigam Ltd, Medical Representatives Association, All India Trade Union Congress and Centre for Indian Trade Union took part in the protest.

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