Summary:
Excelsior CorrespondentJAMMU Aug 4: Life Insurance Corporation (LIC) employees under the banner of Northern Zone Insurance Employees' Association Srinagar Division as per the call of All India Insurance Employees' Association held massive demonstrations today in front of LIC offices of Jammu & Kashmir against privatization of United India Insurance Company. The demonstration in Jammu region was led by Pawan Gupta Divisional Secy NZIEA Srinagar Division; and in valley by AM Tantray Divisional president and Ajaz Ahmad Dar Joint Secretary Fyaz Gul vice president Amarjeet Singh Syed Aadil Imam Bashir Ahmad Abdul Majid Sheikh and Parvaiz Ahmad. Two of the amendments are particularly dangerous for PSGI Companies. Section 10 B of the GIBNA 1972 stipulates that the Government would hold at least 51% stake in the Public Sector General Insurance Companies. Others who spoke on the occasion included Romesh Chand Dinesh Sharma Neelam Sharma and Kishore Lal R P Singh and Sham Sunder..