Insurance Bill: House nod unlikely

In the last session of the 14th Lok Sabha, which convenes on Thursday, the government is hoping to railroad at least seven of the pending 78 Bills through Parliament and have two promulgated ordinances ratified. But the UPA s reform swansong the Insurance Laws (Amendment) Bill is unlikely to be enacted during its current tenure. The Centre had introduced the long-pending Bill in the Rajya Sabha in December 2008 to raise the FDI threshold in the insurance sector from 26% to 49%. But neither has the parliamentary standing committee on finance cleared it, nor is the panel scheduled to meet during ...

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