7 months ago
2
The unions affiliated with the Life Insurance Corporation (LIC) of India person powerfully refuted a study by The Washington Post, describing it arsenic misleading and intended to beforehand the interests of American security corporations.
LIC Employees Union (Kadapa division) wide caput A. Raghunatha Reddy said the study sought to undermine the credibility of LIC and make a pretext for U.S. firm introduction into India’s beingness security sector.
“LIC is simply a semipermanent capitalist successful the banal market, and its determination to put successful the Adani Group was a conscious 1 taken by the LIC Board—not nether immoderate outer unit arsenic alleged successful the story. The LIC absorption has already clarified this point,” Mr. Reddy said successful a statement, calling the nonfiction “malafide successful intent.”
He further recalled that the U.S. Trade Representative (USTR), successful an earlier report, had made akin baseless allegations astir LIC’s sovereign guarantee, adding that specified mudslinging campaigns by American entities were not new.
