CITU slams govt's move to pass Insurance Bill in Lok Sabha

Centre of Indian Trade Unions (CITU) on Saturday termed the NDA government's act of getting the insurance bill passed in the Lok Sabha as deplorable, adding that the step was taken despite opposition from all trade unions. It extended its support to the one-day nationwide strike call given by insurance sector employees on March 9.

"CITU denounces the NDA government's deplorable act of getting the Insurance Law (Amendment) Bill 2015 passed in the Lok Sabha by neglecting the opposition by all trade unions and the public sector insurance workers and in dangerous disregard of democratic parliamentary propriety", CITU said in a statement.

The Lok Sabha passed the Bill on March 4 and it is now pending before the Rajya Sabha.

Welcoming the call given by insurance sector employees for a day's nationwide strike on March 9 against the government action, CITU appealed to all trade unions irrespective of affiliations to organise solidarity actions in support of the strike. The Bill hikes FDI to 49 per cent (from present 26 per cent) in insurance sector and opens routes for privatisation of general insurance sector.