
Insurance employees decry listing of LIC
The Hindu
Insurance Corporation Employees Union, along with All India Insurance Employees Association, demanded immediate settlement of wage revision pending for the last 44 months.
The demand was raised at a meeting held here on Thursday as part of a one-day strike against the decision of the Union Government to list the Life Insurance Corporation (LIC) in the stock market through an Initial Public Offering (IPO), increase the FDI limits in the insurance sector from 49% to 74% and privatisation of one public sector general insurance company.
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