” Nobody can argue that raising FDI in insurance, however desirable, is an emergency measure that can not wait. The ordinance is not the evidence of a strong government’s resolve, but a weak government’s incapacity…
” A Government that can’t get Parliament’s approval and repeatedly re-issue ordinances is clearly misusing the Constitution to rule by decree.”
( Extracts from an article by Swaminathan S.Ankalesari Iyer – TOI)
It is not only incapacity, but arrogance and anxiety to please the US and its President Barack Obama, by taking the decision before his arrival in India on 26th January 2015. The government also wanted to show India Inc that it has not forgotten the huge election donations made to the BJP by the corporates. The sky wouldn’t have fallen if the Insurance Amend Bill was kept for the next session of the Parliament.