New Delhi, Aug. 14 (ANI): 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.
Source: https://in.news.yahoo.com/opposition-forces-insurance-bill-select-committee-095443739.html