Capitalism failed to give boost to economy: Chakraborty

Source: The Hitavada      Date: 14 May 2018 12:14:29


Business Bureau

“Global slowdown has rocked Indian economy. India is passing through a very bad phase. Capitalism has failed to tackle the situation. Therefore reviving public sector companies and generating employment on mass scale is the need of hour,” said T K Chakraborty, union leader while inaugurating the Nagpur Divisional LIC Employees Union’s 58th annual general conference at Amrut Bhavan on Sunday.He said, the conference is taking place in difficult situation. “Global economy is passing through transition period. European countries are reeling under huge losses. Industries have become bankrupt and are not in a position to give regular wages and pension to employees. This has forced countries to hand over natural resources to capitalists which is widening gap between poor and rich,” he said. He urged the members to unite and fight against anti-worker policies of Government.

R N Patne, former President of Western Zone Insurance Employees Association (WZIEA) said the union has taken up three issues-- a good wage revision commensurate with the growth of industry, one more option for pension and the struggle for protection of public sector in insurance industry. A G Dhokpande, General Secretary of NDLICEU said, struggle is the only solution to protect the interest of LIC and GIC. “The management of insurance campaniles are working to weaken the strength of trade union in insurance sector. We are working to defence the interest of insurance employees,” he said.

D C Dongre said that the union want to protect the interest of insurance employees and upward wage revision without any rider. Neha More, Vice-President lauded the efforts of the AIIEA for taking up social problems of insurance employees on various platforms. “The union is also defending the interest of women employees in insurance sector,” she added.The conference elected is new working committee. Milind Kumar was elected as President and A G Dhokpande as General Secretary. The report of the working committee and the audited statements of account were accepted by the participants. The conference adopted several resolutions ranging from recruitment, recognition to union, wage revision, one more pension option and autonomy to LIC board. Y R Rao proposed the vote of thanks. Naresh Adchule, G Hari Sarma, Abhay Patne, Shiva Nimje, R D Jadhao, Rajkumar Fulbande, Narendra Umale, Sanjay Lanjewar, Omkar Yeolekar, Nirmala Naidu, Bhaskar Randive, Rupnarayan Gupta, Laxman Moundekar and others were present.