Insurance employees in public sector go on 1-day strike

Employee unions of the public sector insurance companies went on a one-day strike today to protest against raising FDI in the sector to 49 per cent.
Unions claimed 50 per cent success in the Western Zone and a near full success in the Northeast, while Delhi and other parts of the country responded in a mixed manner.
The one-day strike called by the Bharatiya Vima Kamgar Sena (BVKS), the All-India LIC Employees' Federation and a few other unions of state-owned general insurance companies to protest against higher FDI in the sector, among other things.
"Though we got full support of unions like General Insurance Employees' Association of India and All India Insurance Employees' Association, the Congress-supported National Federation didn't participate in the strike," BVKS president of Sharad Jadhav told PTI.

He said that his union would shortly discuss the issue with other unions to chalk out a future strategy for similar strikes, before the Insurance Bill is presented on the floor of the Rajya Sabha.
The Insurance Laws (Amendment) Bill, which provides for raising the foreign investment cap from 26 per cent to 49 per cent, was passed by the Lok Sabha last week.
The Bill seeks to replace an Ordinance on the subject.