Logjam in RS may force Govt to go for Ordinance on Insurance FDI

With just two sittings remaining in the winter session of Parliament and the logjam in the Rajya Sabha continuing, the Government might take Ordinance route for increasing FDI limit in the capital starved insurance sector.

The Bill has been cleared by the Cabinet and a select committee report on the Insurance Bill tabled in the Upper House but an aggressive opposition is making things difficult for the government and now passing of the Bill this session looks impossible.

However, according to sources, the government is keen to give reforms a push to boost the investor sentiment. It, therefore, might not wait for the next session to pass the Insurance Bill, and rather promulgate an ordinance.