WITH the cabinet approving amendments to the Insurance Act of 1938, to raise the cap on foreign direct investment (FDI) in insurance companies from 49 to 74 per cent, the process of implementing the next stage of reducing public control over Indian insurance has begun.
CPI(M) Polit Bureau has issued the following statement on March 13THE Polit Bureau expresses its deep concern at the central government’s instruction to the north-eastern state governments to check the influx of people coming in from Myanmar.
CPI(M) Polit Bureau has issued the following statement on March 13IT is unfortunate that the Supreme Court has opened the way for a re-examination of the Places of Worship (Special Provision) Act, 1991. The Act mandates that the character of all religious places of worship should be maintained as it was on August 15, 1947, and no suit or proceedings shall lie in a court of law with respect to the character of places of worship.This effectively barred courts from entertaining cases which raise disputes over places of worship that existed as of August 15, 1947.
CPI(M) had announced the names of three more candidates for the upcoming Kerala assembly elections. A list of 83 candidates was already announced by A Vijayaraghavan, CPI(M) state secretary in-charge on March 10, which was published in the last issue of People’s Democracy . Candidates for Manjeshwaram and Devikulam – V V Rameshan and A Raja – have been announced now.
THE All India Insurance Employees’ Association (AIIEA) and other unions in the four public sector general insurance companies will go on a nationwide strike on March 17. Similarly, all unions in LIC will strike work on March 18, 2021. These strike actions are to protest against the decision of the government to list LIC in the stock markets through an IPO, increase FDI limits in the sector from 49 per cent to 74 per cent and privatise one public sector general insurance company.
AMIDST the Covid-19 pandemic and subsequent series of sporadic lockdowns, the loss of lives and livelihoods in West Bengal have exposed the inherent economic crises that the state’s economy is undergoing. The massive influx of poor migrant workers returning back to the state, seeking help and support from the authorities, has become an unfortunate reality in recent times.
AROUND a million bank employees and officers went on a two-day strike on March 15 and 16 all over the country against the privatisation of public sector banks.
AN Innovative Air Independent Propulsion (AIP) system developed indigenously by Defence Research & Development Organisation (DRDO) in collaboration with a consortium of several private and public sector companies led by Larsen & Toubro (L&T) acting as the Lead System Integrator, passed a crucial test of its land-based prototype on March 8, 2021.