LIC IPO – Lessons from SBI

by
Com. Thomas Franco, Joint Convenor, People First and former General Secretary, All India Bank Officers confederation (AIBOC)

There are 24 private insurance companies in India, but LIC’s performance remains outstanding. Let us not allow it to be destroyed. Learn good lessons from SBI, not the bad ones. We don’t need neo-liberal policies which help only a few. We need people-friendly policies that benefit the majority. No more guinea pigs, please!

 

LIC IPO.Thomas Franco
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VJ P
VJ P
6 months ago

I strongly believe that its govt responsibility to ensure the people’s life, to provide basic service such as jobs, education, transport, electricity, water, health care, banking services at affordable cost. And its everyone’s right get all this in return of taxes that we pay. And no-one has right to sell the public assets built with the people’s money.

And as we know private player will only care about their profit which is pretty evident from past privatisation that led to services getting costlier/expensive and eventually unaffordable.

So we all have to take initiative to join, come together and fight for our rights.

Kamlesh Bhatt
Kamlesh Bhatt
6 months ago

Absolutely right,

Kesavan
Kesavan
6 months ago

Thanks a lot AIFAP and Comrade Thomas for an excellent revealing article. It is extremely important to spread it as widely as possible, not only amongst LIC employees and customers, but also amongst SBI employees and customers , which means at least 50 crore population of India ! Because you will hardly find anyone living in cities and towns who is not a customer of at least one of them ! Let us all push all political parties to prevent further attack on Insurance and banking sector !

Sanjeewani Jain
Sanjeewani Jain
6 months ago

Dear Editor, I would like to thank you, and especially thank Com. Franco for this article. It is really a mine of information about the devious ways in which governments have played with the lives of the workers, and also indirectly of the consumers for the benefit of the corporate monopolies. A very timely warning to all of us, indeed! .