Today's Paper

Government firm on insurance ordinance

It is left with no other option, say senior Ministers

As the Winter Session of Parliament came to an end on Tuesday, highly placed sources said the government was determined to issue an ordinance to raise foreign direct investment in the insurance sector from 26 per cent to 49 per cent.

The Insurance Laws (Amendment) Bill, 2008, that had been listed in the legislative business of the Rajya Sabha, was not passed till the House adjourned on Tuesday afternoon due to frequent disruptions.

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