"All the opposition parties were together yesterday (Monday) when the government called for an informal meeting. We (Congress) party are not being obstructionist and opposing for the sake of it," Sharma, a former commerce minister, told a news channel outside parliament.
"In a democracy the government must listen to opposition, the combined opposition. Almost all opposition party and each one of them have raised some issue. The best way for the government is to discuss it.
So the forum for discussion should be a committee of the house," he added.
Sharma: It was the Congress that introduced the bill in 2008
Sharma pointed out that it was the Congress that introduced the bill in 2008 and charged the Bharatiya Janata Party (BJP) with opposing it for six years.
"For six years they (BJP) were serving public interest and now we are doing disservice by asking for more clarity on some substantive issues of the bill. Government should not mislead the public," he said.
The Insurance Laws (Amendment) Bill aims at raising the ceiling on foreign direct investment (FDI) to 49 percent from the current 26 percent.