Resistance to hike in FDI

The Indian insurance unions are also demanding that the four public sector general insurance companies be merged into one to make a strong company

The All-India Insurance Employees’ Association (AIIEA) will continue its struggle against the proposed increase in foreign direct investment from 26% to 49% in the insurance sector and if the Union Government introduces a bill, employees represented by the association will go on a one day strike in protest, according to Mr N.M. Sundaram, president of the association.