Parliament defers voting on insurance bill - minister
NEW DELHI (Reuters) - Parliament will not vote during this session on a long-awaited insurance bill aimed at raising the foreign investment cap to 49 percent from 26 percent in the industry, Finance Minister P. Chidambaram said on Tuesday.
The government had earlier planned to get parliament's approval for the insurance bill during the session that ends on Thursday. He did not mention a similar bill covering the pensions sector, which another minister said was also unlikely to be taken up this year.
(Reporting by Nigam Prusty; Writing by Manoj Kumar; Editing by Frank Jack Daniel)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- More quakes jolt Iceland overnight, spread to second volcano
- Modi to launch plan for every Indian household to have bank account
- Modi slams whispering campaign against Rajnath Singh
- Pakistan's prime minister resolved to ride out protests crisis
COAL BLOCK ALLOCATIONS
A Supreme Court ruling this week that India's decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India to raise output fast enough. Read
Modi to launch plan for every Indian household to have bank account . Full Article
Kleiner to invest in messaging startup Snapchat at near-$10 bln valuation - report. Full Article