Left-leaning unions urge Kharge to reconsider protests in front of LIC offices
Left-leaning unions urge Kharge to reconsider protests in front of LIC offices
Leaders of two Left-leaning and two independent unions working among the employees of Life Insurance Corporation of India (LIC) have written to Congress president Mallikarjun Kharge urging him to reconsider the decision to hold protests in front of the LIC offices on the issue of Hindenburg report against the Adani Group.
The leaders said such protests will “tarnish the image of the finest public sector institution” of the country.
In the letter to Kharge, the Federation of LIC Class I Officers’ Associations, National Federation of Insurance Field Workers of India, All India Insurance Employees Association and the All India LIC Employees Federation said ever since the Hindenburg report, a large section of the people and political parties have expressed their concern over the LIC’s “presumably high exposure” to the Adani group of companies and how it could risk the savings of middle-class Indians.
“We are opposed to political patronage to any business group at the cost of public sector, the people and the economy. We want that the government should conduct an impartial enquiry into the allegations made by the Hindenburg Report and find out the truth,” they said adding that LIC is a long term investor and the investment decisions are taken keeping the long term benefits of the policy holders in mind. “Since LIC is a statutory body created under an act of Parliament, all its investment decisions are subject to parliamentary scrutiny and regulatory supervision,” they said in the letter.
“Regarding the investment in the Adani Group and the supposed loss to LIC, we have to clarify that this loss is only notional and not real. LIC has not sold any Adani Group shares held by it in the market to sustain any loss,” they said.
Citing the LIC statement on the matter, the unions said LIC has earned a notional profit of almost ₹20,000 crore on its investment in the Adani Group. “However, the profit is as notional as is the presumed loss,” they told Kharge.
“We feel that holding demonstrations before LIC offices would tarnish the image of the finest public sector institution of the country. We would request you to please reconsider the decision in view of what has been stated above,” the letter added.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Easter Vigil 2024 | Holy Saturday | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Confraternity Sunday | St. Theresa’s Church, Kemmannu
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link