Insurance Bill not coming in RS today, govt seeks oppn support
August 04, 2014 08:50
With the opposition demanding that the Insurance (amendment) bill be referred to a select committee, the government deferred its plan to move the NDA's first major economic reforms legislation for the consideration of Rajya Sabha tomorrow.
Parliamentary Affairs Minister M Venkaiah Naidu said he and Finance Minister Arun Jaitley will talk to leaders of the Congress and opposition parties tomorrow on various aspects of the bill that seeks to raise the FDI cap in the Insurance sector from 26 per cent to 49 per cent.
Naidu told PTI that the government does not want to move the Insurance Law Amendment Bill 2008 bill for consideration in the Upper House today. "The government would like to move the bill for consideration thereafter, preferably day after tomorrow (Tuesday)," Naidu had said yesterday.
Parliamentary Affairs Minister M Venkaiah Naidu said he and Finance Minister Arun Jaitley will talk to leaders of the Congress and opposition parties tomorrow on various aspects of the bill that seeks to raise the FDI cap in the Insurance sector from 26 per cent to 49 per cent.
Naidu told PTI that the government does not want to move the Insurance Law Amendment Bill 2008 bill for consideration in the Upper House today. "The government would like to move the bill for consideration thereafter, preferably day after tomorrow (Tuesday)," Naidu had said yesterday.
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