Insurance bill gets a nod from Government

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Insurance bill approved by Government
New Delhi, Dec 22: Finally, a nod from the Government to introduce Insurance Bill. Amid strong attempts by the Left to block the insurance bill, the government on Monday, Dec 22 introduced the draft legislation in the Rajya Sabha which witnessed CPI(M) members rushing menacingly towards the Minister of State for Finance to snatch the paper from him.

As P K Bansal rose to introduce the Insurance Laws (Amendment) Bill, 2008, CPI(M) member T K Rangarajan dashed towards him to snatch the copy of the bill from him.

An agitated External Affairs Minister Pranab Mukherjee was seen pushing the CPI(M) member and protecting his ministerial colleague from the opposition onslaught.

Another Minister Meira Kumar rushed to the front bench to provide a shield to Bansal, who managed to introduce the bill aimed at increasing the FDI limit in the insurance sector.

In the melee, Deputy Chairman K Rahman Khan adjourned the House till 1400 hours. The CPI(M) members, helped by new-found friends AIADMK and TDP, appeared determined to thwart the introduction of the bill by gathering in the well even before the House met at noon after an adjournment during the Question Hour on the A R Antulay issue.

The UPA government kept the insurance reforms in abeyance till the Left parties withdrew support in July this year.

OneIndia News (With inputs from Agencies)

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