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Insurance Bill likely to be passed in current session of Parliament, politicos react

New Delhi, Dec 09 (ANI): The Congress has reportedly dropped its opposition to the insurance bill with the select committee of Rajya Sabha proposing an increase in the foreign equity investment to 49% from the present 26%, paving the way for possible passage of the 10-year-old reform legislation during the current session. The BJP said that the bill is likely to be passed in the current session of the parliament as the suggestions made by various parties have been incorporated. The Insurance Bill, which was heavily debated during the monsoon session of the Parliament in August, was sent to a Select Committee of the Rajya Sabha, after the government was unable to garner the opposition's support for it. Dec 9, 2014
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Congress may back govt on insurance bill, politicos react

New Delhi, Dec 03 (ANI): A compromise between the Congress and BJP appears likely on the insurance bill with the opposition outfit expecting the government to address its concerns over dealing with foreign institutional investors in the overall 49% foreign investment ceiling in Indian insurance companies. Reacting over this Congress leader Manish Tewari said on Wednesday that the BJP should apologize to the nation about opposing amendments to the Insurance Bill when they were in opposition. Meanwhile, TMC MP Derek O'Brien said that the party has been opposing Insurance Bill not just for the sake of it, told Select Committee why going from 26% to 49% is not good. Dec 3, 2014
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