Siliguri, 08th September: As per the decision of the central government, Life Insurance Corporation (LIC) is likely to be enlisted on the stock exchange market and 10 to 15 percent shares will be sold through Initial Public Offer (IPO).
Unhappy with the decision taken, the Divisional Insurance Employees Association staged a protest in Siliguri.
According to the organization, LIC has been fulfilling its responsibilities for the past 64 years. They fear that IPO will eventually lead the company to weaken in the coming days.
Rajat Roy, on behalf of the association, stated that the central government has taken such a decision to fill the budget deficit. They demand the decision to be reversed soon.