Govt. plans to table insurance bill in Parliament on Monday, opposition for select committee vetting

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New Delhi, Aug.2 (ANI): The NDA Government plans to table the Insurance Laws (Amendment) Bill in the Rajya Sabha on Monday, even as several opposition parties have indicated that they will move a motion in the Upper House of the Parliament to refer the Bill to a Select Committee. The proposed Bill seeks to raise the ceiling of foreign direct investment (FDI) in the insurance sector from 26 percent at present to 49 percent. The Bill has already been scrutinised by a Standing Committee. Among the political parties planning to move the motion to have the Bill referred to a Select Committee are the Congress, CPI(M), CPI, SP, BSP, DMK, JD(U), Trinamool Congress and the RJD.


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