Cabinet postpones insurance Bill

[NewsDesk]

Putting all the hopes for major financial reforms aside, the Cabinet has deferred Insurance Bill.

The Finance Minister said that this Bill has been postponed as he needed more time to study the Standing Committee Recommendations. He also indicated that there is need to raise the Foreign Direct Investment limit.

[Madhura]

The Union Cabinet defers Insurance Bill for 49% foreign equity up gradation. Since long we all are waiting and foreign partners are packing bags .. please do something for insurance industry.