Pension, insurance bill to be sent to the Parliament

Govt will introduce legislation on reforms in the pension, insurance sector in this budget session of Parliament.

india Updated: Mar 01, 2006 13:12 IST
Reuters
Reuters
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The Indian government will introduce legislation on reforms in the pension and insurance sector in this

budget

session of parliament, Finance Minister Palaniappan Chidambaram said on Wednesday.

"By and large there is consensus on the pension legislation. There are some issues. We are trying to sort it out," Chidambaram told reporters.

The insurance bill will seek to increase the foreign investment cap in the sector to 49 per cent from 26 per cent.

First Published: Mar 01, 2006 13:12 IST