Opposition forces Insurance Bill into Select Committee
The Insurance Bill has been sent to the Select Committee of the Rajya Sabha after the government was unable to garner the support of the opposition. The bill proposes to hike foreign direct investment in the insurance sector to 49 percent from 26 percent.
CPI (M) leader Sitaram Yechury expressed satisfaction over the move. "I am glad the bill has been sent to the select committee, where it will be debated on very seriously." He also added "When (senior BJP leader) Yashwant Sinha was the Finance Minister, he examined the bill and rejected it. We are merely repeating what he said."
Trinamool Congress (TMC) leader Derek O'Brein also welcomed the move. "This is a big day for TMC because like-minded parties have gotten together who are opposed to FDI in insurance because we feel it is bad for this country," he told ANI.
Likening the bill being sent to the select committee as "being sent to the third umpire", O'Brien added, "The government was very keen, and aggressively wanted to pass the bill. For the moment, the pause button has been pressed."
(Posted on 14-08-2014)
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
KERALA TRAVEL MAPS:
TRAVEL MAPS OF INDIA:
INDIA CITY MAPS: