The Union government intends to make known to the world that the country is ardently committed to privatisation under neo-liberal dispensation through the Life Insurance Corporation of India (LIC) disinvestment, Former Finance Minister T.M. Thomas Isaac has said.
He also feared the disinvestment move could lead to a decline of social security commitments of the State-owned insurance behemoth.
Dr. Isaac was delivering a special lecture on ‘India’s public sector and privatisation: The future of LIC’ organised by Vakkom Moulavi Memorial and Research Centre in association with the Institute for Global South Studies and Research.
