New Delhi: Finance Minister Arun Jaitley talked tough during the all-party meeting called to arrive at a consensus on the Insurance Laws Amendment Bill and told Congress leaders to either approve, reject or amend the legislation in the Rajya Sabha, sources said. Jaitley made it clear that the NDA government would not accept Congress's stand of waiting and buying time on the Bill.
Sources added that the Centre is unlikely to accept Select Committee proposal for now but the final decision will be taken in the next round of meeting which is likely to be held in the next two days. Opposition parties had demanded a consultation with a select committee after the government made 11 new amendments to the Bill.
Jaitley, Parliamentary Affairs Minister Venkaiah Naidu attended the meeting from the government's side.
But the all-party meeting to resolve the deadlock was inconclusive. Nationalist Congress Party leader Praful Patel said that parties would meet again in the next two days to discuss the possible formulation of the Bill.
The parties which attended the meeting included Congress, TMC, BJD, JDU, AIADMK, SP, BSP among others.
Earlier, the Narendra Modi government decided to postpone its plan to pass the Insurance Laws Amendment Bill in the Rajya Sabha on Monday, and called for a meeting with leaders of major political parties.
Opposition parties had demanded a consultation with a select committee after the government made 11 new amendments to the Bill.
The Bill proposes to raise the FDI cap in the insurance sector from the present 26 per cent to 49 per cent. It was first proposed by the Congress-led UPA government and a total of 86 amendments were proposed.
The BJP government is in a minority in the Rajya Sabha and needs the Congress's help to pass the Bill.
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