New Delhi Aug 3 (IANS) The insurance amendment bill, which could not be taken up for discussion in the Rajya Sabha on Thursday, is to be taken up Monday, official sources said. The upper house members had sought time to study the proposed changes in the bill, that include increase in the foreign investment limit for the sector to 49 percent from the current 26 percent, approved by the cabinet last month. Parliamentary Affairs Minister M. Venkaiah Naidu Sunday appealed to opposition parties to cooperate in the successful passage of the insurance amendment bill. “I appeal to all opposition parties in parliament, particularly the Congress, to cooperate in passing the Insurance Laws (Amendment) Bill, 2008 that seeks to enable much desired capital inflows into the insurance sector,” Naidu said in a statement.
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