The government which failed to pass the Insurance Amendment Bill in the Rajya Sabha may opt to issue ordinance after the winter session is over. There are only two days left for the winter session to end and it may not be possible to pass the same since the Rajya Sabha is continuously adjourned due to the ‘conversion issue’ is not  resolved.

One thing is clear. The NDA government has decided to make the changes in the Insurance Act to favour the private companies, by increasing the FDI from 26% to 49%. The NDA wants it to be done before the visit of US President Obama in January 2015. Whenever the Prime Minister of India visits US or whenever President or any important functionary in the US government visits India, something to please the US imperialists has to be done according to the NDA/UPA governments. And now the US President himself is visiting India, a ‘great favour’. The favour has to be returned by increasing FDI, which is the demand of the US financial sector.

The interest of the US is more important to the Indian ruling class, than the interest of India.