LIC employees strike after banks, operations are closed today..

Bureau Report : 

After the bank employees protesting against the privatization efforts of the government, now the employees of Life Insurance Corporation of India (LIC) are also striking..This strike of the employees is in opposition to the government’s proposal related to the disinvestment of LIC..

LIC’S IPO will come

In the general budget, Finance Minister Nirmala Sitharaman had announced that the IPO of LIC will be brought. The government has set a target of raising Rs 1.75 lakh crore by selling stakes in PSUs and financial institutions. The government will privatize two public sector banks and one general insurance company in the financial year 2021-22.

Bank workers did a two-day strike

Earlier, lakhs of employees of public sector banks went on a two-day strike on March 15 and 16. The strike union warned that if the government does not listen to them, then a big agitation and indefinite strike can be done like the Kisan agitation.. Privatization is being continuously opposed by the bank employee unions. The government has already privatized IDBI Bank. The striking employees also staged and protested in various cities of the country and said that if the government does not listen to them, then they can strike an indefinite strike like the peasant movement.