Press Esc to close

We will oppose FDI in pension: Samajwadi Party

Kolkata, Oct 4, 2012, (IANS) : 19:34 IST
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

More from this section
Photo Gallery
Police personnel guard as Buddhist monks wait at the entrance gate to enter Mahabodhi temple...

Police personnel guard as Buddhist monks wait at the entrance gate to enter Mahabodhi temple...

Women browse through books at a stall at 41st Chennai Book Fair, organised by Booksellers...

Women browse through books at a stall at 41st Chennai Book Fair, organised by Booksellers...

Newly recruits of Jammu and Kashmir Police personnel take oath during Attestation Cum Passing...

Newly recruits of Jammu and Kashmir Police personnel take oath during Attestation Cum Passing...

Volunteers of the Hindu nationalist organisation Rashtriya Swayamsevak Sangh (RSS) perform yoga...

Volunteers of the Hindu nationalist organisation Rashtriya Swayamsevak Sangh (RSS) perform yoga...

Women show mortar shells at Suchetgarh after shelling from the Pakistani side ...

Women show mortar shells at Suchetgarh after shelling from the Pakistani side ...

Two peacocks in a mid-flight at the Rastrapati Bhawan in New Delhi...

Two peacocks in a mid-flight at the Rastrapati Bhawan in New Delhi...

Former Telecom Minister A Raja addresses the gathering at his book launch 'The 2G Saga...

Former Telecom Minister A Raja addresses the gathering at his book launch 'The 2G Saga...

Police personnel stand guard near the premises of Mahabodhi Temple in Bodh Gaya...

Police personnel stand guard near the premises of Mahabodhi Temple in Bodh Gaya...

STF personnel recover gold after a raid which resulted in arrest of most wanted criminal Subodh...

STF personnel recover gold after a raid which resulted in arrest of most wanted criminal Subodh...

Former Miss Earth Nicole Faria addresses the event for felicitation of 112 women achievers...

Former Miss Earth Nicole Faria addresses the event for felicitation of 112 women achievers...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.