Chennai, Oct. 11 -- Employee unions in the public sector insurance and banks have opposed the Indian government's proposal to appoint private sector executives as Whole-Time Directors, Managing Directors, Executive Directors and Chairperson in those organisations.
In a statement the All India Insurance Employees' Association (AIIEA) expressed its opposition to the government's move.
Recently in an executive order issued by the Appointments Committee of the Cabinet, approved `revised consolidated guidelines' for appointment of Whole Time Directors, Managing Directors, Executive Directors and Chairpersons in public sector insurance companies like the Life Insurance Corporation of India (LIC) and Public Sector General Insurance (PSGI) Compan...