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The Finance Minister to present Insurance Amendment Bill in Rajya Sabha today
[Posted by: InsuringIndia News on Wednesday, December 17, 2014 12:00 AM]
The Finance Minister, Shri Arun Jaitley will present the Insurance Amendment Bill for consideration and passing in Rajya Sabha today. This Bill aims to hike the foreign direct investment from 26 per cent to 49 per cent. The Congress has already given its nod to the Bill paving the way for a long pending economic reform. However, the passing of the bill will not be a smooth sailing for the NDA government as regional parties like Trinamool Congress, Janata Dal United, Samajwadi Party have already expressed their dissent to it. The NDA government also does not have the required number in the Upper House. With the US President, Barack Obama, visiting India in January, the government would like to showcase this as a key reform bill that will eventually boost the investor sentiment.


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