Chandan Mitra, chairman of the select panel on insurance is of the opinion that the government must take the ordinance route on Insurance Bill if Rajya Sabha is disrupted and is confident that the government will take a view on ordinance after the current session ends.
We bring you the key highlights of the draft Bill, which was approved by Congress, paving way for a long-pending economic reform.
Rajya Sabha MP Rajeev Chandrasekhar says the draft report is pro-consumer and pro-choice legislation. He says there is no case for an opposition to this bill. He is hopeful that it will be passed in the winter session.
The government has proposed to hike foreign direct investment from 26 percent to 49 percent in the insurance sector.
Finance Minister Arun Jaitley said that he was hopeful that the insurance market expansion would take place once the Insurance Amendment Bill is passed by Parliament.
The Select Committee of Parliament on amending the Insurance Act to raise foreign investment cap was Tuesday given two more weeks till December 12 to submit its report, but not before Opposition parties raised questions over the procedure for seeking extension of the timeline.
Former Karnataka chief minister BS Yeddyurappa, an accused in the illegal mining scam, selected from Shimoga constituency.
Sunil Jain, Editor – Opinion at Financial Express solicits that the biggest takeaway for India Inc is the removal of Jairam Ramesh from environment ministry, who has been involved in several controversies for holding up major industrial projects that many considered as critical to India's economic development.