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| LIC employees observe one day strike | | |  Early Times Report
JAMMU, Nov 26: LIC Employees under the banner of Northern Zone Insurance Employees' Association Srinagar Division as per the call of All India Insurance Employees' Association observed One Day Strike today as a part of All India Strike by 10 Central Trade Unions and nearly 150 independent Federations. The strike was led by Com. Pawan Gupta, Divisional Secretary NZIEA Srinagar Division; and Com. A.M.Tantray, Divisional President, and Com. Ajaz Ahmad Dar, Joint Secretary. The strike in GIC was led by Com. Darshan Kumar. Speaking on the occasion at LIC office D.O.Cell Jammu, Com. Pawan Gupta strongly condemned the economic policies of the BJP led Government as these policies have led to the worst condition of the workers, farmers, educated youth and women. And these policies are an attack on the secular and democratic character of the country. The economy which is already in crisis due to demonetization and wrong implementation of GST has gone further into deep slumber resulting into technical recession, with negative growth of 23.9% and nearly10.5% in two consecutive quarters in this financial year. The strike strongly criticized the wholesale privatization of the public sector including the proposal for disinvestment in LIC by bringing IPO in LIC.There in no logic with the government to bring IPO in LIC as LIC has already huge funds with itself .The total assets of LIC are nearly 31 lakh crores and total investments are 30 lakh crores with 42 crore policyholders including group policyholders. So the logic that the LIC needs capital holds not good. |
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