Congress joins ranks with others against Insurance Bill

The fate of the controversial Insurance Bill hangs in the balance with nine Opposition parties, including the Congress, giving a joint notice on Friday in the Rajya Sabha for referring the Bill to a Select Committee of the House.

Sources said the Leader of the Opposition will move the motion as soon as the Finance Minister introduces the Bill for discussion and passage. The motion, under Rule 70 of the Rules of Procedure, entails voting.

The Bill, which provides for raising FDI in the insurance sector from 26 to 49 per cent, is expected to come up on Monday. It was deferred on Thursday.

The Congress, Trinamool Congress, Janata Dal (United), CPI(M), CPI, Samajwadi Party, Bahujan Samaj Party, Nationalist Congress Party and the DMK gave a notice to Rajya Sabha Chairman Hamid Ansari for allowing them to move a motion for referring the Bill to a Select Committee when the government brings it for consideration in the House.



For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive