It’ll be a relay strike by unions within the public sector monetary companies sector area.
After the 2 day strike — Monday and Tuesday — by the bankers, unions within the public sector basic insurance coverage firms and Life Insurance coverage Company of India will go on strike on Wednesday and Thursday, respectively.
The unions within the non-life and life sectors might be occurring strike protesting towards the federal government’s resolution to privatise one of many basic insurance coverage firms, rising international direct funding restrict to 74 per cent and divest stakes in LIC by an preliminary public provide (IPO), union leaders informed IANS.
“All of the unions within the basic insurance coverage sector have determined to strike work on Wednesday protesting towards the federal government’s resolution to hike FDI restrict to 74 per cent, privatise one of many firms and demanding merger of the 4 firms and early conclusion of wage revision,” Okay.Govindan, Basic Secretary, Basic Insurance coverage All India Staff’ Affiliation (GIEAIA) informed IANS.
Including additional Sanjay Jha, Secretary, Standing Committee (Basic Insurance coverage), All India Staff” Affiliation (AIIEA) informed IANS: “We additionally demand scrapping of the brand new pension system and reverting again to the previous pension system. We’re additionally demanding an early conclusion of wage revision.”
The 4 PSU non-life insurers are: Nationwide Insurance coverage Firm Ltd, The New India Assurance Firm Ltd, The Oriental Insurance coverage Firm Ltd and United India Insurance coverage Firm Ltd.
The 4 firms have over 7,500 branches and a complete worker energy of over 60,000, Govindan stated.
“Final week our union officers together with D.Raja, Rajya Sabha Member and Basic Secretary, Communist Get together of India Amet Finance Minister Nirmala Sitharaman and impressed upon her to merge the 4 PSU basic insurers right into a single entity,” Govindan stated.
“We additionally informed her to introduce pension for the staff of the erstwhile Tariff Advisory Committee (TAC) and Loss Prevention Affiliation and conclude wage revision for the staff on the earliest,” Govindan stated.
“Then again, the unions in LIC will go on strike on Thursday protesting towards the central authorities’s selections like (a) climbing FDI cap from 49 per cent to 74 per cent (b) Divesting of stakes in LIC by an IPO and demanding early conclusion of wage revision,” All India Insurance coverage Staff Affiliation (AIIEA) Basic Secretary Shrikant Mishra informed IANS.
In line with Mishra, the LIC administration has now supplied a 16 per cent wage hike after 4 rounds of talks.
(Venkatachari Jagannathan might be contacted at [email protected])
–IANS
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(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)
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