12-Aug-2026

Very Good news. Today we (GS SNPWA, Com Gayekar, CS SNPWA MH Circle and Com Bhad, SNPWA MHC) were informed in detail by DDG/E/ DOT that orders for generalization of Notional Increment are expected to be issued very shortly. In this context, a very positive and revised note, based on the Judgments of Hon Supreme Court, has been sent to legal cell just two to three days before and a positive response is expected next week. This is indeed a great breakthrough and is possible only because of a revised note submitted by DDG(E), Respected Lodha Sahib, and his follow up discussion with the legal cell.
He also explained in detail how retrograde orders of 30.1.25 issued by DOT pertaining to ST Comrades of MH were withdrawn based on fresh note submitted by Establishment Section of DOT to Secy(T), based on the statutory orders of DOP&PW.
Detailed submission of our meetings with DDG(E), new Member (Services) who is a great old friend of ours, and very very significant development regarding our Pension Revision case in the context of crucial discussions that Com Gayekar and Bhad had with Respected Sharad Pawar ji and the follow up action taken thereof will be uploaded tomorrow. -GS / SNPWA.

06-Aug-2026

Historic, Herculean and Unprecedented Role Played by LIC During the Global Economic Meltdown (2008-10) in Saving India from a Devastating Financial Crisis.
Dear Comrades Every Indian worth his or her salt must firmly oppose and defeat the Government's move to disinvest an additional 5.6% of its equity in LIC.
During the worst global financial crisis since the Great Global Depression of 2008-10, LIC stood like a rock, shielding the Indian economy from catastrophic consequences through extraordinary and unparalleled interventions.
1. Counter-Cyclical Market Stabiliser.
* Absorbed Massive Foreign Selling: When Foreign Institutional Investors (FIIs) fled emerging markets in panic, LIC stepped in as the buyer of last resort, preventing a collapse of the Indian stock market.
* Record Capital Infusion: During 2008–09 alone, LIC invested an unprecedented Rs.40,300 crore (now about 8 lakh crores) in the equity markets to restore confidence and stability .
* Powered the Recovery: In 2009-10, LIC invested a further Rs.55,000-60,000 crore,(now about Rs 10 lakh crores) playing a decisive role in reviving investor confidence and accelerating the market's recovery.
2. Mutual Fund and Credit Backstop.
* Prevented Systemic Contagion: As the global credit freeze triggered severe redemption pressures across Indian mutual funds, LIC stepped in to prevent a wider financial crisis.
* Stabilised the Financial System: It absorbed highly stressed real estate and debt portfolios of LIC Mutual Fund, helping maintain liquidity and confidence in the asset management sector.
3. Anchor of Government Borrowing.
* Financed Economic Stimulus: As the Government borrowed heavily to fund economic stimulus packages, LIC subscribed to a substantial portion of Government Securities.
* Kept Borrowing Costs Under Control: By supporting Government borrowing at a critical time, LIC prevented a sharp escalation in interest costs and ensured uninterrupted financing of national recovery efforts.
4. Safe Haven for the Nation's Savings.
* Earned Unmatched Public Trust: At a time when confidence in private financial institutions was shaken, millions of Indians entrusted their savings to LIC because of its sovereign backing and impeccable credibility.
* Protected Domestic Capital: LIC commanded over 58% of the insurance premium market and more than 70% of individual policies, ensuring that enormous domestic savings remained securely invested within India.
5. Pillar of Government Disinvestment.
Whenever the Government undertook disinvestment of Public Sector Enterprises under adverse market conditions, LIC consistently subscribed to those shares, enabling the Government to mobilise critical financial resources.
6. Lifeline of Liquidity.
When the Indian financial markets were starved of liquidity, LIC infused massive funds, restoring stability, confidence and normal market functioning .
7. Countless Other Extraordinary Contributions.
Beyond these remarkable interventions, LIC made innumerable contributions during the global financial crisis, making it one of the greatest institutional protectors of India's economic stability.
The Unanswered Question
Why then is the Government so determined and keen to weaken and dilute its stake in such a priceless national institution merely to raise about Rs.31,000 crore through disinvestment, when LIC itself contributes annual dividends of around Rs.13,000 crore to the national exchequer?
LIC is not merely an insurance company. It is India's financial fortress, the nation's economic shock absorber, and one of the strongest pillars of our financial sovereignty.
With an increasingly uncertain global economy and rapidly evolving geopolitical challenges, India will need institutions like LIC more than ever before to meet future Economic Catastrophes.
Therefore, every patriotic Indian must rise above political affiliations and narrow partisan considerations to resist and defeat this short-sighted and potentially disastrous move. LIC is a National Economic Goldmine that has repeatedly rescued India in times of crisis and will remain indispensable in safeguarding the nation's future.
Let us unite to protect LIC for the security of our economy, the safety of our people's savings, and the prosperity of generations yet to come.
- G.L.Jogi, GS SNPWA.

06-Aug-2026

06-Aug-2026

06-Aug-2026

SNPWA exiends Heartfelt gratitude for the fair, prompt, and decisive intervention of Secretary DoT in securing justice to the ST retirees of Maharashtra Circle.
View GS Letter Copy