Insurance TUs to strike work Monday against 49 percent FDI

Please Like Us!!!

New Delhi, Aug 3 (IANS) All trade unions in the insurance sector will go on a strike Monday to protest the NDA government’s decision to raise the foreign direct investment (FDI) cap in the sector to 49 percent. “Almost one lakh employees across the country will strike work tomorrow (Monday) as the government’s move will not only dilute the vitality of the insurance sector but also pave the way for foreign capital coming into the most sensitive zone of the economy,” veteran CPI leader Gurudas Dasgupta said. The Insurance Laws (Amendment) Bill, the NDA government’s first major reform initiative, will be moved in the Rajya Sabha Monday. The Congress justified its decision saying that the amendments moved by the NDA government mark “substantive changes” from the original bill that was introduced by the first UPA government in 2008.


Reviews & Comments