Around 3,000 employees of Life Insurance Corporation of India (LIC) on Tuesday observed a one-hour strike across the northeastern region to protest against the union government's budget proposal to sell a part of stake in the state-run financial institution.
The one-hour shut down was observed as part of the LIC employees' nation-wide agitation to protest Union Finance's Minister Nirmala Sitharaman's budget proposal of partial disinvestment of LIC.
The All India Insurance Employees Association (AIIEA) in alliance with two other organisations had called the strike across the country.
"As part of the country-wide stirs, we have organised protest demonstrations in front of the LICI offices in all the eight northeastern states on Monday. Today (Tuesday) we have observed a one-hour strike. All the three agitating employees organisations would sit together soon to decide the future course of action if the central government remained firm on its decision," AIIEA's Silchar Division Vice-President Shyamal Chakraborty said.
Sitharaman while presenting the 2020-21 central budget in the parliament on Saturday had announced that the government would sell a part of its stake in LICI through initial public offering (IPO).
"When the LIC's enormous contribution to protect the Indian economy is prudent and well-established, the central government's latest decision aimed to allow foreign insurance companies to do business in India and to permit the corporate bodies to grab the LICI's vast assets," Chakraborty claimed.
Festival of democracy enters second leg with 88 Lok Sabha seats across India set to vote
While 89 constituencies were slated to go to polls in the second phase, as per the initial announcement by the Election Commission, voting in Madhya Pradesh's Betul was advanced to the third phase on May 7 following the death of the BSP candidate in the fray.
Tripura BJP issues show-cause notice to party leader for slamming TMP chief Pradyot Debbarma
A day before the second phase of Lok Sabha elections, the ruling BJP in Tripura on Thursday served a show cause-notice to one of the party’s Vice-Presidents, Patal Kanya Jamatia, who accused Tipra Motha Party (TMP) chief Pradyot Bikram Manikya Debbarma of “spreading hatred” among tribals and non-tribals in the state.
PM Modi ups ante against Congress, says Rajiv Gandhi abolished inheritance law to 'save own interests'
Upping the ante against the Congress on the 'inheritance tax' issue, Prime Minister Narendra Modi on Thursday launched another scathing attack on the grand old party, saying it was former PM Rajiv Gandhi who abolished the inheritance law "to save their own interests" after the demise of his mother Indira Gandhi.
Multi-cornered contest in Tripura East LS seat going to polls on Friday
A multi-cornered contest will be witnessed in the Tripura East Lok Sabha seat, which goes to the polls in the second phase of the 7-phase parliamentary elections on Friday.
Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
After credit card data of at least 17,000 new ICICI Bank customers was exposed and reached "wrong users", the bank said on Thursday that it has blocked these cards and is issuing new ones to the customers.
TRIPURA: BSF jawan on election duty dies after rifle accidently goes off
In a tragic incident amid the preparation for the second phase of polling in Tripura, a Border Security Force (BSF) jawan, who was engaged in election duty died after his rifle went off accidentally.
13.96 lakh voters to cast vote in 1664 Polling stations tomorrow
Although nine candidates are in the fray in the Tripura East Lok Sabha constituency, the main battle will be mainly between BJP candidate Kirit Singh Debbarma and CPIM candidate Rajendra Reang.
CM leads campaign with vigor, Completes 30 rallies, 18 road shows covering over 6,000 km
Chief Minister Prof. Dr. Manik Saha vigorously campaigned for BJP candidates in the Lok Sabha elections & Bidhan Sabha by-election, participating in 30 public rallies, 18 road shows, and 7 padyatras.