It is reported that the government is once again making efforts to increase the FDI in the insurance sector on the demands of the MNCs and Indian big business. At present the FDI in insurance is 26%. Though the government wanted to increase it to 49%, the Parliamentary Standing Committee has recommended that there is no need for the same. For effecting the increase, the government had moved Insurance Laws (Amendment) Bill 2008, but could not pass it so far due to strong opposition including from the trade unions.
It is necessary that another strong movement is to be organised to defeat the nefarious game of the government to appease the MNCs and big business which is against the best ineterests of the nation.
yes, you are absolutely right that there should be a united effort to thwart the ill attempt of the union govt.