CONFEDERATION OF CENTRAL GOVERNMENT
EMPLOYEES AND WORKERS
Manishinath Bhawan A/2-95 Rajouri Garden
New Delhi.l 110 027
Phone: 2510 5324
Fax: 2510 5324
Cell: 98110 48303
E mail: confederation06@yahoo.co.in
D/11/22/2008
Dated: 19th December , 2008
Dear Comrades,
The global economic recession in developed countries and its reflection in Indian economy due to the neo liberal economic policies pursued by the successive Govts in India during the last one and half decade forced the Govt. to stimulate selected sectors of industry.. However it seems to have not learnt its lesion. In spite of the bankruptcy and closure of the so-called world financial institutions and Insurance giants, the Govt. of India is bent upon in its pursuit of further liberalizing the economy and privatizing the assiduously built public sector organizations like LIC.. The Govt. is introducing the bill to amend LIC Act (to increase equity from 5Crores to !00 Cr.) in Lok Sabha on Monday 22.12.2008. Another Bill to raise money from Market (disinvestment) is to be introduced in Raja Sabha on the same day to allow public Sector Insurance Companies to raise money from market. Unions in LIC and General Insurance Companies are preparing for a one day protest Strike on the next day i.e. 23rd December, 2008. The State COCs and all affiliated organizations are therefore requested to organize solidarity protest a demonstration on that day. The COCs may chalk out and organize programmes on 23.12.2008 alongwith the Unions in the Banking sector, as we have been informed that BEFI has also conveyed similar decision to all its units..
With Greetings,
Yours fraternally,
KKN Kutty,
Secretary General.
