Excelsior Correspondent JAMMU, Feb 28: A meeting of Divisional Committee of Northern Zone Insurance Employees’ Association (NZIEA) Srinagar Division, representing LIC employees of J&K was held here today. The meeting was attended by Pawan Gupta, divisional secretary NZIEA Srinagar Division; Romesh Chand, joint secretary; Dinesh Kumar Sharma, vice president; Raj Kumar Sharma, treasurer; Rajesh Kumar, auditor and Raj Kumar, office secretary. In a handout Pawan Gupta strongly opposed LIC IPO and stated that the Central government has proposed to bring […]
Excelsior Correspondent
JAMMU, Feb 8: As per the joint call of Federation of Class-1 Officers’ Association, National Federation of Insurance Field Workers of India (NFIFWI) and All India Insurance Employees’ Association (AIIEA), LIC employees of Jammu & Kashmir held massive demonstrations during lunch recess today in front of LIC offices to express their strong resentment against the proposals of the Union Budget 2021-2022 presented by the Union Finance Minister on February 1, 2021.
The unions were represented and led by Vijay Khajuria from class-1 Federation, Rakesh Magotra from NFIFWI and Pawan Gupta from Northern Zone Insurance Employees’ Association. The leaders said that the Union Budget announced by the Finance Minister on February 1, 2021 proposes to amend the Insurance Act 1938 to increase FDI in the insurance sector from 49% to 74% and allow foreign ownership in insurance with some safeguards. She announced her plans to privatise one general insurance company along w