Neha Sood
Even after declaring that the Government has an \'open mind\' for the Insurance Bill, it has been referred to standing committee of the Parliament before its fate is finally decided.
This Bill intends to raise the FDI limit in Insurance Companies in private sectors to 49%; the value presently stands at 26%. The information came from PK Bansal, the Minister of state for Parliamentary affairs.
Though this Amendment Bill was announced long time back in 2004 by FM P Chidambaram but the implementation was delayed owing to opposition from the left. The latest proof in this direction is the ‘series of snatching documents related to this Bill’ that occurred among members of CPI(M) and its allies AIADMK and TDP.
|