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The government is proposing for increasing FDI in Insurance Sector from 26% to 49%. A Cabinet Note is being prepared for the purpose. It is to be noted that the governments, both UPA and NDA had been trying for the same but could not do so for the last two decades, because of the stiff opposition in the Parliament.
But this time, the BJP seems to be determined since it has got the numbers in Lok Sabha. But it is difficult to have the numbers in Rajya Sabha.
The Unions in the Insurance sector has been strongly opposing any increase of FDI in the sector. It is sure that it is not an easy matter for the government to increase the FDI.