Thursday, July 10, 2014

FDI hike in Insurance – proposed by FM in Budget

Dear Brothers & Sisters,

We learn that the Union Finance Minister, Shri Arun Jaitley, has proposed a hike in FDI in Insurance from 26% to 49% in today’s General Budget.  We strongly protest this move.

You may recall that NOINO was in the forefront along with other BMS affiliated unions in LIC in the agitation against the proposed hike during the UPA-II tenure. Our stand of opposition to this hike remains unchanged. We call upon the employees to be ready for any struggle against such move.

Dr. S B Sharan

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