Winter Session of Parl: Congress not decided on Insurance Bill

New Delhi, Nov 24:  The Congress on Monday declined to reveal its stand on a bill that seeks to increase the cap on FDI in insurance, saying it will decide after a parliamentary panel gives its report.

Also read: Debates, discussion promised ahead of Parliament's Winter Session

"We will take a call on the insurance bill after the report of the select committee comes," party leader Kamal Nath told the media in parliament premises.

Congress not decided on Insurance Bill

The bill was sent to a select committee of the Rajya Sabha during the last parliament session. The report is supposed to be tabled Nov 28.

Kamal Nath said the Congress will "cooperate with the government in the passage of key bills" and "will play a constructive role in parliament".

"There has to be a discussion on contentious issues before taking a final decision," he said on the bill which seeks to raise the cap on FDI in insurance from 26 percent to 49 percent.

"We will consult other opposition parties and form an opinion," he added.


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