Report Wire - LIC is a powerful pillar for the robust financial system of the nation: Chief Minister Shri Baghel

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LIC is a powerful pillar for the robust financial system of the nation: Chief Minister Shri Baghel

2 min read
LIC is a strong pillar for the strong economy of the country: Chief Minister Shri Baghel

Chief Minister Shri Bhupesh Baghel attended the State Level Conference of Insurance Employees Union organized within the auditorium of Anand Samaj Reading Hall, Raipur this night. He known as upon everybody to combat unitedly whereas supporting the motion being run by the union towards the privatization/IPO of LIC within the conference. He mentioned that the marketing campaign being run to oppose it needs to be given the type of a mass motion.

It is noteworthy that the All India Insurance Employees Association is opposing the choice of the Central Government to situation LIC’s IPO and push them on the trail of privatization by diluting them within the title of General Insurance Corporation reform. Along with this, a marketing campaign of mass mobilization is being run towards this marketing campaign of the Central Government throughout the nation. In the identical vein, this state stage conference was organized in Raipur right now.

Chief Minister Shri Baghel mentioned that Life Insurance Corporation of India has at all times been giving energy to the nation’s financial system. It is a powerful pillar for the robust financial system of the nation. In this conference, we’re speaking in regards to the conspiracies hatched by the central authorities for the privatization of public sector insurance coverage corporations and their risks. But our concern just isn’t restricted to insurance coverage corporations solely. We are additionally speaking about conspiracies to denationalise banks and all nationwide property within the public sector, as a result of all these topics can’t be seen in isolation.

Chief Minister Shri Baghel said- We know that many public sector undertakings are recognized for his or her glorious service, they’re additionally doing good enterprise. Despite this, the central authorities is bent on their privatization. If a public sector enterprise goes into losses, then its causes needs to be mentioned. Finding out these causes and speaking about their answer needs to be completed. Pandit Jawaharlal Nehru gave this nation a powerful public sector which is our energy even right now. In the midst of nice financial turmoil, the general public sector stood firmly because the help of the nation. The privatization of public undertakings will trigger enormous harm to social and financial justice. The insistence on privatization of nationalized banks and public sector insurance coverage corporations will put the nation in nice hazard.

Chief Minister Shri Baghel mentioned that the Central Government can be eager on privatization of public property like roads, railways, airports, electrical energy, coal, telecommunications, petroleum, pure fuel, warehousing, actual property, motels, stadiums. Your solidarity towards privatization of insurance coverage corporations, banks and PSUs can even repay, as a result of this motion of yours just isn’t just for you, however it’s for the curiosity of each citizen of the nation. Your motion is to protect our financial freedom. Your motion is to protect our financial democracy.

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