LIC IPO may result in job losses, impact social spending: Trade union

Life Insurance Corporation of India's (LIC) IPO could result in job losses and impact its social infrastructure spending plans, according to All India LIC Employees' Federation (AILEF). The trade union has written to the Prime Minister and MPs to protest about the listing, AILEF's General Secretary Rajesh Kumar said. "We believe...selling national asset is a wilfully disruptive policy," he added.