Thursday, 20 March 2025 »  Login
in
»
I am at

PSU Employees To Hold Protest At Basheerbagh

The officers and employees of several public sector insurance companies will reportedly hold a two-hour-long strike at Basheerbagh soon.
Hyderabad | 23rd February 2021
The officers and employees working in several public sector insurance companies, including National Insurance, United India Insurance and Oriental Insurance, will reportedly hold a two-hour-long strike at Basheerbagh soon.

The protests are being organised to demand that the BJP-led union government fulfil the "long-neglected demands" of the employees of the companies.

Speaking to the press, General Secretary of the Hyderabad Region General Insurance Employees' Association Y Subba Rao said that the strike would be held from 11:30 am to 2:30 pm under the aegis of a Joint Action Committee comprising members of the Public Sector General Insurance Officers group and the employees’ associations of the National, United India and Oriental insurance companies

Elaborating on the employees' demands, Rao said that these included the implementation of steps for the protection of India's public sector general insurance companies, the organisation of meetings with the companies' employee unions regarding the revision of wages (due since August 2017), and the implementation of the 1995 pension scheme for all the employees.

Meanwhile, reports suggest that the Centre is considering privatising Oriental Insurance or United India Insurance after observing that the companies benefitted from a series of capital infusions. Sources say that the process of choosing a suitable candidate for the proposed privatisation has already been initiated. Though it is at a nascent stage at this point, the government is hopeful that the companies' improved financials will help generate interest from private sector players soon. The privatisation is likely to catalyse a fresh round of protests.

The Centre is still dealing with the backlash that its decision to privatise Andhra Pradesh's historic Visakhapatnam Steel Plant attracted. The move sparked massive protests in the state, and a strong reaction from Chief Minister Y S Jaganmohan Reddy as well.
filed in:  Telangana, Protests, Insurance, Employee Union, Government Employees, Centre
COMMENTS
Be the first to comment on PSU Employees To Hold Protest At Basheerbagh! Just use the simple form below.
LEAVE A COMMENT
fullhyd.com has 700,000+ monthly visits. Tell Hyderabad what you feel about PSU Employees To Hold Protest At Basheerbagh!
[no link to your name will appear, overriding global settings]
To preserve integrity, fullhyd.com allows ratings/comments only with a valid email. Your comments will be accepted once you give your email, and will be deleted if the email is not authenticated within 24 hours.
My name:

Dissatisfied with the results? Report a problem or error, or add a listing.
ADVERTISEMENT
SHOUTBOX!
1   2  3   |  Next  |  Last
ADVERTISEMENT
This page was tagged for
hyderabad February 2021 News
Telangana news
Protests updates
Follow fullhyd.com on
Copyright © 2023 LRR Technologies (Hyderabad) Pvt Ltd. All rights reserved. fullhyd and fullhyderabad are registered trademarks of LRR Technologies (Hyderabad) Pvt Ltd. The textual, graphic, audio and audiovisual material in this site is protected by copyright law. You may not copy, distribute or use this material except as necessary for your personal, non-commercial use. Any trademarks are the properties of their respective owners.