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The BJP-led Government on Thursday sent the controversial Insurance Laws (Amendment) Bill to a Select Committee of the Rajya Sabha. This is seen as a setback of sorts for the reformist credentials of the Right of Centre BJP-led Government, which rode to power promising to “re-sow confidence in the India story, within the country and internationally.”
Buckling under Opposition pressure, Finance Minister Arun Jaitley moved a motion in the Upper House to refer the Bill to the Select Committee.
Jaitley informed members that the Select Committee had been asked to submit its report by the last day of the first week of the Winter Session, slated around November. The 15-member panel comprises Chandan Mitra, Mukthar Abbas Naqvi and Jagat Prakash Nadda (BJP), Anand Sharma, BK Hariprasad and JD Seelam (Congress), Satish Chandra Misra (BSP), KC Tyagi (JD-U), Derek O’Brien (TMC), V Maitreyan (AIADMK), Naresh Gujral (SAD), Ram Gopal Yadav (SP), Kalpataru Das (BJD), P Rajeev (CPI-M) and Rajiv Chandrasekhar (Independent) as its nominees.
Cutting across party lines, major Opposition parties joined hands and demanded that the Bill be sent to a Select Committee. (Courtesy: BL)
VAN Namboodiri's Blog 
Dear Com. The MOC during the current session of Parliament replied questions of different MPs on the issue of state of BSNL & MTNL. In reply he mentioned that the Govt. waived a loan amounting to RS.1141 Cr. to BSNL. You know well that this is a part of notional loanamounting to RS.7500 Cr. provided in the Balance Sheet of newly formed BSNL to maintain the balance of the B/Sheet. Actually no amount was granted to BSNL in cash. However the so called loan amount along with interest @14% and penal interest @ 2.5% mores has been recovered by the Govt. barring the rest of Rs.1141 cr. Without paying any amount the Govt. recovered more than double the notional loan from the BSNL. Which another mischief of the Govt. to push the BSNL to a seek unit. I shall request you to request any M.P. to raise a question on this double standard of the Govt. to take the real thing in the light. Let the people of India know that how the Govt. is deciving the people and the PSU.