New Delhi: Rajya Sabha proceedings have been adjourned for 10 minutes on Thursday amid Opposition uproar over the Insurance (Amendment) Bill 2021.
Finance Minister Nirmala Sitharaman moved a invoice within the Upper House to think about for additional modification of the Insurance Act 1938.
Leader of Opposition Mallikarjun Kharge mentioned the insurance coverage modification invoice 2021 will put individuals in bother. The Insurance Act 1938 is being amended for the third time.
He mentioned the Act was first amended throughout Atal Bihari Vajpayee’s tenure when 26 per cent FDI was allowed within the insurance coverage sector. Later in 2015 the legislation was amended additional to permit 49 per cent FDI and now the modification is for permitting 74 per cent.
“I want the bill to be scrutinised to address the gaps and it should be referred to a standing committee,” Kharge mentioned.
The Opposition raised slogans and trooped into the properly following which Deputy Chairman Harivansh was compelled to adjourn the House for 10 minutes until 2:43 pm.
