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The 29th Annual Division Conference of LIC Pensioners’ Association, Madurai Division, was held present connected Tuesday.
Inaugurating the conference, Vice-President of South Zone Insurance Employees’ Federation C. Muthukumarasamy said the demands of LIC pensioners were not conscionable astir pension hikes, but were intimately linked to the country’s economical policies, aboriginal of nationalist assemblage undertakings, and the planetary governmental climate.
He noted that owed to the warfare authorities spearheaded by the United States and Israel, and the resultant planetary economical crisis, prices of indispensable commodities similar petrol, diesel, and cooking state were rising.
“International events, including tensions surrounding the Strait of Hormuz, straight interaction the regular lives of Indian citizens,” helium added.
He further said adjacent erstwhile crude lipid prices fell successful the planetary market, petrol and state prices were not reduced successful India.
Criticising the Union Government for granting taxation concessions to firm houses portion slashing subsidies and societal information payment schemes meant for the communal people, helium pointed retired that the country’s immense wealthiness was being concentrated successful the hands of a fewer ultra-rich individuals.
“Imposing wealthiness taxation and inheritance taxation connected them volition assistance rise the required funds for societal information schemes,” helium asserted.
He emphasised that allowing 100% Foreign Direct Investment successful security assemblage was a measurement toward gradual privatisation of nationalist assemblage enterprises, and stressed that it was indispensable to support the LIC, which stood arsenic a awesome of the country’s economical self-reliance.
Central Committee subordinate G. Meenakshisundaram said astir 500 pensioners from six districts nether the Madurai Division participated successful the conference.
He added that since determination had been nary upgrade successful pensions for implicit 30 years, the league was being held to powerfully impulse demands, including pension upgradation, filling up of vacant posts successful the LIC, and reconsideration of the determination connected 100% FDI successful the security sector.
The resolutions passed astatine the league included the ones for protecting nationalist assemblage undertakings, withdrawing the determination of 100% FDI successful the security sector, dropping privatisation attempts of the LIC and the GIC, scrapping the New Pension Scheme (NPS), providing further pension to pensioners aged supra 80, implementing a azygous pension strategy for each elder citizens, restoring railway concessions for elder citizens, abolishing NEET and the New Education Policy, and releasing Keeladi excavation study without immoderate alterations.
