Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
Special Correspondent

LIC staff stage protest against IPO plan

LIC employees protesting against the government’s plan for an initial public offer (IPO) in Mumbai on Monday 3, 2020. (Source: PAUL NORONHA)

Thousands of LIC employees staged a walkout protest on February 4 against the government’s plan for an initial public offer (IPO).

Finance Minister Nirmala Sitharaman, during her Budget speech, said the government would sell a part of its stake through an IPO.

“All India LIC Employees Federation strongly opposes the government’s move to sell part of its holding in Life Insurance Corporation of India through an initial public offering. It is an act of desperation at a time when the economy is in mess,” the All India LIC Employees Federation said.

The union said the it will launch a series of agitations to oppose the decision to disinvest in LIC.

“We call upon all the officers, employees and agents to wholeheartedly support our campaign and make our programme a success. We will also be reaching out to the common man to make him understand the dangerous implication for the country if LIC is listed,” the statement added.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Heard it on the grapevine: Polish wine’s quiet renaissance
Once thought of only for vodka and lager, Poland is in the midst of a wine-making revival that’s infiltrating restaurant lists, bars and independent suppliers
The Guardian - UK
The Guardian - UK
In My Tiny Kitchen, Every Inch Counts – Yet Drew Barrymore’s Ingenious Blender Earned a Spot on My Counter (And Replaced 3 Bulky Appliances)
The new 'Kitchen System' is a personal blender and food processor all in one, making it a must-have for small spaces (starting with mine)
Homes & Gardens
Homes & Gardens
Former Texas Roadhouse worker calls out the outlet for ‘scooping out’ a bug from their cinnamon butter, but people noticed something even worse
Everyone has seen the viral videos of secret menu hacks or behind-the-scenes kitchen tours. But one former Texas Roadhouse server’s “throwback” TikTok of a bug in cinnamon butter is a literal nightmare. People with a fear of bugs, you might want to sit this one out.
The Mary Sue
The Mary Sue
From YouTuber to NASCAR driver: Cleetus McFarland expands his racing resume at Daytona
Garrett Mitchell is better known as “Cleetus McFarland” to his millions of followers gained over the years as a racing influencer
The Independent UK
The Independent UK
Woman orders wedding dress from Dior. Then she sees the box it came in. People are alarmed at the reveal: ‘I thought that was a fridge’
Forget butterflies and happy tears. This Dior bride’s big moment arrived looking less like couture and more like a Home Depot delivery. In a now-viral TikTok, handymen lug a massive wooden crate into her house–except it’s the kind you’d expect to hold a fridge, not a frock.
The Mary Sue
The Mary Sue
8 Signs Your Healthy Southern Diet is Actually Causing Inflammation
Traditional Southern flavors often rely on fresh produce and lean proteins, but common preparation methods can unintentionally trigger inflammation. While many believe they are following a wholesome regional diet, specific dietary habits might be working against health goals. Identifying these subtle shifts in nutrition can help restore balance and improve…
Budget and the Bees
Budget and the Bees
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play