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LIC to pay only half of wage arrears

TheLifeInsuranceCorporationofIndiahaspersuadedtheSupremeCourttoreducebyhalfitsfinancialburdenforabsorbingtemporaryworkers.About25yearsago,theCentralGovernmentIndustrialTribunal-cum-LabourCourtshaddirectedLICtoregularisetemporaryworkerswithfullpendingwages.ItsappealbeforetheSupremeCourtwasdismissedlastyear,anditwasorderedtopaythedues.LIChasnowmovedareviewpetition.ThecourtrefusedtochangethejudgmentbutwasmercifultowardsLIC,whichsaidimplementationoftheorderwouldimposea"heavyfinancialburden", ...