FM confident of pushing insurance Bill in Winter session

November 01, 2013 19:03

The government will push the long pending insurance bill, which seeks to raise FDI cap in the sector to 49 per cent from 26 per cent in the Winter session of Parliament, Finance Minister P Chidambaram said today.

He said the government has secured the support of the principal opposition party (BJP) for the passage of the insurance Bill.

"The opposition parties have promised me they will pass the insurance Bill... Most parties, including the principal opposition party, have expressed their support for insurance bill. I hope with majority support, if not unanimous support, we will be able to pass the insurance bill," he said.

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