The announcement in the Central budget that shares of LIC will be sold is an attack on the prime PSU in the country. LIC which was started in 1956 with Rs. 5 crore as capital is the biggest earning PSU in the country. It’s service are excellent and market share is above 70%.
The argument of the Centre that only loss making PSUs are being sold is exposed as utter lie. BPCL, LIC are very much profitable and giving handsome dividend to the government. The united forum of LIC employees as well as oil companies are on the struggle path against the government’s attack on the PSUs.
We extend our support and solidarity.