South Zone Insurance employees federation meeting inaugurated
The Hindu
It is a two-day programme aimed at opposing IPO of LIC, FDI hike in the insurance sector and privatisation of the public sector in general.
All India Insurance Employees Association (AIIEA) general secretary Srikanth Mishra stressed the need for insurance employees to fight collectively against the government’s decision of listing Life Insurance Corporation in the stock market. Mr. Mishra along with AIIEA president V. Ramesh, treasurer B.S. Ravi and others inaugurated the 12th General Conference of the South Central Zone Insurance Employees’ Federation (SCZIEF) in Vijayawada on Saturday. It is a two-day programme aimed at opposing Initial Public Offering of LIC, FDI hike in the insurance sector and privatisation of the public sector in general. Mr. Mishra said the government which is promoting ‘Atma Nirbhara Bharat’ has amended the General Insurance Business Nationalisation Act, 1972 to privatise general insurance companies and public sector companies such as LIC and Visakhapatnam Steel Plant. “We have to fight collectively against the disastrous policies of the government,” he said.
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