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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News Network
May 2,2020

Mangaluru, May 2:  Dakshina Kannada district administration has taken steps to quarantine people returning after having lost their jobs in foreign countries.

Marriages hall, general halls and hostels are being identified for the purpose, a source said.

Official said that Coronavirus scare also has forced many people from foreign countries, those in including Gulf countries, to return to their native villages.

The Gulf countries are also sending back those staying illegally there. 

Once the flight services resume, thousands of people are likely to return to the country.

Meanwhile, DK deputy commissioner Karnataka held a video conference with Chief Minister BS Yediyurappa.

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coastaldigest.com news network
January 23,2020

Bengaluru, Jan 23: Expressing shock over the blast which left him and his supporters injured yesterday, Shantinagar MLA NA Haris today said that the incident cannot be brushed aside as a firecracker blast and appealed to the state government to inquire into the incident.

Recovering from the injuries sustained on his leg, Haris was discharged from St Philomena's Hospital on Thursday afternoon. 

Interacting with mediapersons outside his residence in Shantinagar, Haris said, “It wasn’t a cracker but a ball-like object that was hurled at me. Since my childhood, I have been seeing crackers and the object that was thrown at me was certainly not a cracker. It had splinters and hard objects.”

He said, “I have been representing the constituency for over 12-years and had no rivalry with anyone. Barring political ideology during elections, all the leaders in our constituency have been cooperative with each other. Yet, we do not know what the intention was or who was behind the incident.”

Revealing that home minister Basavaraj Bommai had called him to enquire about his condition at the hospital Haris said, “I have also briefed the home minister and explained to him what exactly happened. I have full faith in the police and will cooperate with the police during the investigation.” Haris said that doctors have advised him three to four-days of rest.

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News Network
January 12,2020

Mangalore, Jan 12: Thieves reportedly stole around 70,000 cash from a MESCOM ATP machine located at Chembugudde in Thokkottu, Police said here on Sunday.

Police said that the theft took place in the MESCOM sub-division office at Chembugudde. It was said that the thieves broke open the room where the MESCOM customers bill payment machine was located and stole 70,000 rupees cash from the ATP machine.

This machine had nine lakh rupees cash. The amount was reported to have been transferred at around 1500 hrs on Saturday.

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