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Draft report on Insurance Bill finalised

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The Rajya Sabha Select Committee on Monday finalised its draft report on the Insurance Bill. The report will be tabled in the House on Wednesday, committee chairman Chandan Mitra told The Hindu. The Bill seeks to raise foreign direct investment in insurance joint ventures from 26 to 49 per cent.

The committee has given time till Tuesday evening for notes of dissent, if any, to be submitted. The Communist Party of India (Marxist) and the Trinamool Congress are likely to oppose the report. The other two parties which may differ are the Samajwadi Party and the Janata Dal (United).

The Select Committee has 15 members. It is expected that with the three BJP members, three Congress and one member each from the AIADMK, Shiromani Akali Dal and Biju Janata Dal on board, the report will be adopted by majority vote.

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Printable version | Jan 18, 2020 1:43:32 PM | https://www.thehindu.com/news/national/draft-report-on-insurance-bill-finalised/article6674148.ece

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