Today the Parliament Select Committee has recommended the Insurance Bill proposing increase of FDI from 26 to 49 per cent. The Congress members supported the bill making it easy for  the government. CPI(M) and 3 other parties opposed.

The MNCs, foreign financial investors and US government have been putting much pressure on the govt. of  India to increase FDI in Insurance sector. Now they will be very happy.
But the  working class will continue to oppose this anti- PSU and anti- people move. Our full support to the Insurance workers im their struggle against the amendment to Insurance Act.