Insurance employees oppose FDI policy

[email protected] (CD Network)
December 7, 2012

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Mangalore, December 7: The Udupi division of All India Insurance Employees' Association (AIIEA) has expressed its opposition to the FDI in retail policy of the UPA government.

 

Addressing media persons at Press Club in Mangalore on Friday, U Gurudutt, Chief Secretary of the Association, said that from the perspective of Insurance workers, the FDI policy is not in the best interest of the country.

 

The Association believes that there is no lack of investment in the country. According to global statistics, India already stands first in the whole world in providing insurance to people. By attracting more foreign investment in Insurance sector through FDI, the government is letting them enter the country and earn profits. Foreign investment will strengthen its hold on the internal savings of India, Mr. Gurudutt said.

 

He also said that the Association opposes the move of the UPA government to get the Insurance Laws (Amendment) Bill 2008 approved in the Parliament as there is a proposed increase in limit for foreign investment in Insurance sector from 26% to 49%.

 

In opposition of the UPA-2's policies including FDI and price rise the AIIEA has called for a nationwide protest on February 20 and 21, 2013, Mr. Gurudutt informed.


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coastaldigest.com web desk
May 25,2020

Mangaluru, May 25: D V Sadananda Gowda, Union Minister for Chemical and Fertilizer, has once again written to the Ministry of External Affairs urging to take steps to operate more repatriation flights from Gulf countries to Karnataka. 

In his second letter in 10 days addressed to Subrahmanyam Jaishankar, Union Minister for External Affairs, expressed regret over not giving due priority for the repatriation of Kannadigas in the middle east during the extended second phase of Vande Bharat Mission. 

"I shall be grateful if you could personally intervene and instuct the concerned in arranging flights to Mangaluru and Bengaluru from Gulf countries in existing schedule itself," Mr Gowda urged Mr Jayashankar. 

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News Network
March 2,2020

Udupi, Mar 2: The Kundapur police carried out raids at various clubs in Kundapur Sub-division limits and arrested around 50 persons involved in illegal gambling and seized Rs 2.5 lakhs from their possession, the police said on Monday.

According to the police, on Sunday night, based on credible information, the Kudapur Sub-division police led by ASP Hariram Shanker and team raided various clubs in Goliyangadi, Siddapur, Koteswar and Basrur where the accused were found gambling illegally.

All the clubs had taken court permission for recreation but were illegally indulging in gambling. They had also violated the court conditions and were involved in illegal gambling.

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News Network
May 5,2020

Bengaluru, May 5: The Karnataka excise department booked a case against a wine shop owner in this tech city for allegedly selling more liquor than permitted under the law to a buyer on the first day of shops reopening for business after 40-day lockdown on Monday, an official said on Tuesday.

"We have booked a case against licensed shop owner S. Venkatesh for reportedly selling Indian made liquor (IML) and beer to a buyer on Monday more than he is permitted under the Karnataka Excise Act section 36," Bengaluru South Excise Deputy Commissioner A. Giri told media persons.

The alleged sale came to light when the unidentified customer posted in the social media a receipt showing he bought liquor worth Rs 52,841 from Vanilla Spirit Zone in the city''s south-eastern suburb on Monday afternoon.

"Preliminary investigation revealed that 17.4 litres of IML was sold against the permissible limit of 2.3 litres and 35.1 litres of beer against the legal limit of 18.2 litres," Giri said.

Venkatesh, however, told Giri that the buyer paid for the liquor bought by him and seven of his colleagues at the same time from the shop as they entered together.

"We are investigating to ascertain if Venkatesh violated the license conditions by paying for liquor bought by his friends with him at the same time," Giri added.

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