Govt., opposition parties discuss Insurance Bill, agree to hold another meeting (Update:- Insurance Bill

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New Delhi, Aug 4 (ANI): The government and leaders of parties opposing the Insurance Laws (Amendment) Bill, 2008 and other parties in the Rajya Sabha today held a meeting to share each other’s concerns in the matter. Congress leader Anand Sharma said his party wanted clarity on the implication of the proposed Bill inter alia, on the settled definition of ‘Foreign Direct Investment’ given the composite nature of 49 percent FDI proposed in Insurance Sector, including Foreign Institutional Investment. Finance Minister Arun Jaitely in his response said the language and contents of the proposed Bill were that of the UPA government only and no major new amendments were proposed.


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