Press Esc to close
Wednesday 01 June 2016
News updated at 2:05 AM IST
Weather
Max: 31.2°C
Min : 21.7°C
In Bengaluru
Sunny day

We will oppose FDI in pension: Samajwadi Party

Kolkata, Oct 4, 2012, (IANS) :

Notifying that his party would oppose FDI in pension and insurance bills on the floor of parliament, Samajwadi Party (SP) general secretary Kiranmoy Nanda Thursday said it would be better for the people of the country if the UPA government resigns from office before the scheduled time.

"We will oppose these anti-people proposals of allowing FDI in pension and insurance on the floor of parliament. We can't support anti-people policies," said Nanda, who is also a Rajya Sabha member.

India's federal cabinet Thursday cleared the proposals to amend the legislations governing the insurance industry to hike foreign equity from 26 percent to 49 percent and on pension to allow up to 26 percent stake to overseas investors.

A meeting of the cabinet, presided over by Prime Minister Manmohan Singh, also gave its nod for some crucial changes in the Companies Act in what is being called another major push to economic reforms in less than a month.

All these proposals, however, need parliament's approval to take effect.

"The earlier this UPA government leaves the better for the people of the country. They are acting under the directions of the US because they know it very well that they won't come back to power after the next Lok Sabha polls," said Nanda.


Go to Top

Photo Gallery
Biking Queens Yugma Desai, Sarika Mehta, Khyati N. Desai and Durriya M. Tapiya...

Biking Queens Yugma Desai, Sarika Mehta, Khyati N. Desai and Durriya M. Tapiya...

Camels with sign boards of BJP President Amit Shah during Sardar Patel Kisan Maha Sammelan...

Camels with sign boards of BJP President Amit Shah during Sardar Patel Kisan Maha Sammelan...

Restoration work in progress after an empty coach derailed off a slow track between Lower Parel...

Restoration work in progress after an empty coach derailed off a slow track between Lower Parel...

People dressed up as famous personalities taking part in the 'Carnival rally' to mark World No...

People dressed up as famous personalities taking part in the 'Carnival rally' to mark World No...

Police personal pay a final tribute to mortal remains of De Javaregowda, at Kuvempu Vidyavardhaka..

Police personal pay a final tribute to mortal remains of De Javaregowda, at Kuvempu Vidyavardhaka..

Couples embrace along the shores of the Arabian Sea in Mumbai, India ...

Couples embrace along the shores of the Arabian Sea in Mumbai, India ...

Children wear masks during an awareness campaign on 'World No Tobacco' day in Kolkata...

Children wear masks during an awareness campaign on 'World No Tobacco' day in Kolkata...

A view of Jawaharlal Nehru Planetarium in Bengaluru on Tuesday...

A view of Jawaharlal Nehru Planetarium in Bengaluru on Tuesday...

Bollywood actress Huma Qureshi performs at the CEAT Cricket Rating awards night in Mumbai...

Bollywood actress Huma Qureshi performs at the CEAT Cricket Rating awards night in Mumbai...

Bollywood actress Jacqueline Fernandez with Malaika Arora Khan on the sets of a TV show...

Bollywood actress Jacqueline Fernandez with Malaika Arora Khan on the sets of a TV show...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523