It was a UPA proposal and BJP had opposed it because of partisan politics. The government is planning to move the insurance bill in Rajya Sabha,see what make me to amaze
when BJP in opposition they used to opposite whatever the things introduced by congress ,opposing the ruling party called as opposition party
above all what mr Naidu told Naidu
expressed happiness over former finance minister P Chidambaram, "who has
originally drafted the bill", welcoming the legislation. "I agree with
his comment that government is a continuing entity and each government
should build on what has been accomplished by previous governments,"
"This bill was proposed by Congress party and most
of the amendments were suggested by Chidambaram at that time. Some of
the amendments are based on the recommendation of standing committee.
The only major change is that from 26% (FDI cap), we are proposing to
hike it to 49%. I hope the opposition will see the reason," he added
my POV i wont support this whether its introduced by congress or BJP becoz i find LIC much better then compare with other private sector investment ,LIC According to the 11th Five-Year program by collecting the sum of Rs. 7,04,000 crore. Total foreign investment in the insurance sector, which has come in 13 years, Rs. 6,300 ,so i dont find anything important in finance way.when hemanth died on 26/11 attack one of the private company refuse give settlement that 's terrorism not included ,its never helpful for middle class people in either way.well its my personal opinion
but my question those from BJP who told its needed for development why the opposite when congress introduced 6 yrs back ? according to them congress only following anti-peple policy isnt it?
finally BJP plan to introduced FDI in insurance is JOKE of the yr
but if congress Oppose the policy that should be biggest JOKE of the yr
p.s see i m neither congress nor BJP never aap supporter ,
let see howmany of u want FDI in insurance sectors ?