Piloting the Insurance Amendment Bill was not just a political and professional challenge for Jayant Sinha as he also faced "teasing" and "taunts" over the stand his father as a former finance minister took on allowing foreign investment in the sector.
Congress on Wednesday indicated it will not obstruct the passage of the Insurance Bill as it said that it was in principle the UPA's "baby" and most concerns over it were addressed by the parliamentary panel.
The Narendra Modi government Monday expressed confidence at getting the Insurance Bill, which seeks to raise the cap on foreign equity in the sector from 26 percent to 49 percent, through parliament even as some opposition parties appeared allied against the measure.
New Delhi: Bahujan Samaj Party ( BSP) chief Mayawati on Monday said her party will not oppose the passage of the Insurance Bill during the Winter Session of Parliament if the select committee, which is scrutinizing the bill agrees to their demands.
Winter Session of Parliament beginning Monday is all set to be a contentious affair with several Opposition parties deciding to oppose the Insurance Bill and corner the government on black money issue.
New Delhi: Winter Session of Parliament, which began on Monday, is all set to be a contentious affair with several Opposition parties deciding to oppose the Insurance Bill and corner the government on black money issue.
The Insurance Bill is not coming up in the Rajya Sabha on Wednesday as the deadlock continues over referring it to the select committee despite Modi government`s efforts to rally the Opposition for bringing on track its first major economic reform initiative.