At least four parties may give a dissenting note on the report of the Rajya Sabha Select Committee on the Insurance Bill that seeks to raise the foreign direct investment (FDI) cap from the present 26 to 49 per cent.
The parties are the Trinamool Congress, Janata Dal (United), Samajwadi Party and the Communist Party (Marxist). This was apparent from the drift of the representations made by these parties at the meeting of the select panel on Wednesday. The panel chaired by Chandan Mitra had a clause by clause consideration and approval. The committee secretariat will finalise the draft report over the weekend which members will discuss next Monday.
The government will be able to muster enough numbers in the Rajya Sabha to get the Bill passed, as several parties, including the Congress, are on board, sources said.
There are 15 members on the select panel, with the BJP and the Congress having three members each. Among others are the AIADMK, the CPM, the TMC, the SAD, the BJD, the BSP, the JD (U) and the SP with one member each and an independent member.
According to sources, the report of the panel will be submitted in the middle of the next week, before December 12.
