The Communist Party of India CPI) on Wednesday staged a mass demonstration in front of the Life Insurance Corporation of India (LIC) office here in protest against the Union Government’s decision to disinvest funds and privatise the public sector insurance company.
Party activists moved in a rally from the Nandini Satphty Chhak in front f the Raj Bhawan to LIC Head office where a meeting was held under the chairmanship of CPI Zone secretary Sura Jena. Party State secretary Ashish Kanungo, national executive member Dibakar Nayak, State assistant secretary Kshirod Singhdeo, AITUC State general secretary Dr Souribandhu Kar, bank employees’ leader Manoranjan Das, Khodha district assistant secrtary Satish Mishra and AISF State president Sangha Mitra Jena spoke.
“The Centre has earned profit of more than Rs 2,25,000 crore from the LIC by investing Rs 5 crore in in its foundation year in 1956 and Rs 100 crore in the year 2000. Now, more than 28 crore people have invested money by way of buying policies. Thus, a decision to privatise such an organisaion is against the interest of the people. This decision should be withdrawn forthwith,” demanded speakers.
Among others, CPI State executive committee members Jayant Das, Boudh district president Abakash Sahu, AITUC State secretary Bijay Jena, bank employees’ leader Sanjib Pati and Bhubaneswar zone committee members Reeta Sethi, Loknath Bhoi, Pabitra Swain and Daka Hembram participated.
