Parliament nod unlikely for insurance bill

NEW DELHI (Reuters) - A bill to reform the insurance sector is unlikely to be cleared by the parliament's winter session, a finance ministry official said on Thursday.

"The insurance bill is unlikely to be passed in the current short session," the official, who did not wished to be named, said. The winter session began on Thursday.

The bill, which was stalled in the last parliament, proposes raising the foreign investment limit in insurance companies from 26 percent to 49 percent.

(Reporting by Manoj Kumar; Editing by Sunil Nair)