Bill proposing 100% insurance FDI likely in monsoon session
NEW DELHI: The
Insurance Amendment Bill
, which proposes 100%
FDI
in the insurance sector, may be introduced in
Parliament
in the upcoming
session, sources said. The draft bill is ready and will be placed before Cabinet for its approval soon, sources said, adding, after Cabinet nod the
Department of Financial Services
under the finance ministry would begin the process for introduction of the Bill in Parliament.
The ministry hopes to table the Bill in Parliament during the upcoming monsoon session, sources said. Monsoon session usually begins in July.
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