August 3, 2021
1 min read

LS passes General Insurance Business Amendment Bill amid ruckus

The amendments were introduced by Sitharaman after negating the amendments moved by RSP MP N.K. Premachandran….reports Asian Lite News

The Lok Sabha on Monday passed the General Insurance Business (Nationalisation) Amendment Bill, 2021 amid ruckus by the Opposition which demanded discussion on the snooping row and the three Central farm laws.

Soon after the House resumed its session at 3.30 p.m., Deputy Speaker Rama Devi asked Finance Minister Nirmala Sitharaman to introduce the proposed amendments to the Bill.

The amendments were introduced by Sitharaman after negating the amendments moved by RSP MP N.K. Premachandran.

Opposing the Bill, the Leader of Opposition, Adhir Ranjan Chowdhury, termed it as anti-people and anti-national which has been brought with an aim to benefit certain private players.

Union Minister of Finance Nirmala Sitharaman. (File Photo: IANS)

Dismissing Chowdhury’s claims, Sitharaman said that his allegations are not correct and many private insurance companies are providing insurance facilities on very low premium rates.

She also said that if the Opposition wants to discuss this BIll, she would explain why it is not anti- people.

The Bill was passed by the House amid ruckus, following which the Deputy Speaker adjourned the proceedings for the day.

Earlier, the Lok Sabha was disrupted thrice on Monday as the Opposition was adamant on having discussions on the Pegasus snoopgate and the three farm laws.

The House was adjourned at 11:40 am, at around 12 noon and 2:20 pm.

ALSO READ: FSSAI urged to scrap food fortification plan
Previous Story

FSSAI urged to scrap food fortification plan

Next Story

Over 1 lakh crore allocated to DRDO for modernization of defence

Latest from -Top News

Pakistan on the Brink: War, Weakness, Woes

The reason behind growing anxiety and consternation in Islamabad is the depleting reserves of its military’s artillery and ammunition and also a ruined economy…reports Asian Lite News As the tensions between India

UAE Reopens Doors to Lebanon

The prime minister expressed Lebanon’s “utmost gratitude and appreciation to the UAE” and President Sheikh Mohamed bin Zayed Al Nahyan….reports Asian Lite News Lebanon welcomed the decision by the United Arab Emirates

Over 45,000 affected by Somalia flash floods 

The Horn of Africa is one of the regions most vulnerable to climate change, and extreme weather events are becoming increasingly frequent and intense  More than 45,000 people have been affected by

UNSC Convenes Over India-Pak Crisis

Pakistan is currently an elected member of the Council and will participate in the meeting….reports Asian Lite News The United Nations Security Council (UNSC) will be holding a closed-door meeting on Monday

Trump Declares Trade War on Foreign Films

He accused other countries of offering all sorts of incentives and drawing filmmakers and studios away from the US….reports Asian Lite News US President Donald Trump on Monday (Indian time) announced a
Go toTop

Don't Miss

Biden says US consulting India on Ukraine

In a procedural vote on the agenda proposed by the

Protect Temples: Canada’s Call to Action

The leading Indo-Canadian advocacy body warns politicians of escalating threats