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LIC: Do not sell more shares: CPI (M)

New Delhi
The CPI (M) Politburo assembly requested the Central Authorities to not promote any extra shares in LIC. The transfer to denationalise LIC is extremely reprehensible. The way wherein the sale of shares was initiated is reprehensible. The federal government was making an attempt to appease overseas buyers on the expense of policyholders. LIC shares have been issued at a time when overseas institutional buyers have been promoting off their shares in India.

About 29 crore policyholders are the true house owners of LIC. LIC, with property price Rs 38 lakh crore, has round one lakh everlasting staff; About 14 lakh brokers have been current on the assembly.

Organizational obligations can be decided by the Central Committee
CPI (M) Politburo – General Secretary Sitaram Yechury stated that the Central Committee assembly on June 18 and 19 will resolve on the organizational obligations of the Central Committee members and the formation of the Central Secretariat. He stated the suggestions of the primary Politburo assembly convened after the twenty third Party Congress could be submitted to the Central Committee for approval.

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