TMC calls Insurance Bill 'anti-people', says will oppose it

Terming the Insurance Bill as 'anti-people', the Trinamool Congress (TMC) on Tuesday said that the party will strongly oppose FDI in the insurance sector.

New Delhi: Terming the Insurance Bill as 'anti-people', the Trinamool Congress (TMC) on Tuesday said that the party will strongly oppose FDI in the insurance sector.

"We will keep fighting this bill because we believe that it is anti-people. Today we are giving a strong dissent note, we have heard that even SP, CPI (M), JD (U) and other parties are also giving dissent note. I don't know about other parties but Trinamool will strongly oppose FDI in insurance sector," TMC national spokesperson Derek O'Brien told ANI here.

The BJP, however, had earlier in the day said that the party was hopeful that the bill will be passed in the current session of the parliament.

The Insurance Bill, which was heavily debated during the monsoon session of the Parliament in August, was sent to a Select Committee of the Rajya Sabha, after the government was unable to garner the opposition's support for it.

The Insurance Bill proposes to increase Foreign Direct Investment (FDI) limit in the insurance sector to 49 percent from the existing 26 percent. Various parties, including the CPI (M), the Trinamool Congress, the JD (U), the RJD and the Samajwadi Party have earlier opposed the bill. 

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