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RSS economic wing opposes move to hike insurance FDI

SJM will also use social media to create awareness against the Centre’s proposal.

Written by Lalmani Verma | Lucknow | Published: January 2, 2015 4:28:06 am

Swadeshi Jagran Manch (SJM), the economic wing of Rashtriya Swayamsevak Sangh (RSS), has decided to oppose the Centre’s proposal to hike Foreign Direct Investment (FDI) in insurance sector to 49 per cent, up from the present 26 per cent.

The SJM,  which advocates for promotion of use of country-made goods and opposes in FDI in any sector, has already passed a resolution in this regard during its Rashtriya Sabha (all India meet) held in Bhubaneswar from December 26 to 28. Nearly 1,400 SJM conveners from district to prant level participated in the meet.

“Except heavy industries, SJM opposes FDI in every sector including small scale industries, retail, and insurance,” said Niranjan Singh, SJM Convenor of Kashi region in UP.

He said SJM passed the resolution to oppose Centre’s proposal as people were not getting desired benefits of FDI with even the present 26 per cent share in the insurance sector.

“If the FDI in the sector is hiked, the multi-national insurance companies, running in loss in their  respective countries, will get an opportunity to make money from our people,” Singh said, adding experts had tabled reports in the Rashtriya Sabha detailing that claim settlement ratio by such foreign companies is very poor in India.

He said SJM will distribute publicity materials and hold public meetings to create awareness against the Centre’s policy. “We will discuss this issue in Vicharmandal meetings that we hold with residents in small localities weekly,” Singh said.

SJM will also use social media to create awareness against the Centre’s proposal.

In the meeting, SJM also resolved to demand the Centre to declare a Bharatiya Agriculture Policy at the earliest. Singh said for a country where more than 55 per cent of population is engaged in agriculture, India does not have any agriculture policy.

SJM also resolved that Land Acquisition Act needs to be reworked without diluting its current provisions in order to give better prices to the farmers and no acquisition of fertile lands should be allowed. If in any exceptional case where the land has to be acquired, farmers be made stake holders in the venture and projects.

SJM also demanded that the land must not be transferred on ownership rights basis and the ownership must remain with the farmer with a lease for 30 years.

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