New Delhi : Union defence minister Arun Jaitley has described violations across the international border and line of control by Pakistan as a serious matter.” This is also preventing the progress towards normalisation of relations with Pakistan,” he said.
In a media interaction to mark 100 days of Modi sarkar, Jaitley assured that the BSF and the Indian Army are handling the situation effectively.
He informed that the FDI in defence sector will also have a big impact on the economic situation as well.” The blacklisting norms have also been changed because although the existing ones were good for probity these we’re impacting security preparedness,” he added. The defence minister said that now companies that have already supplied the equipment and have been blacklisted with the result that spares and servicing have been hampered do not suffer this fate.Jaitley who elaborated on the new norms stressed that concerns about probity and security preparedness have been kept in mind while taking this decision in consultation with the law ministry. Insurance Bill in winter session.Meanwhile, Optimistic of passing the Insurance Bill in the next session of Parliament, Finance Minister hoped Congress which mooted the hike in FDI cap to 49 per cent in the sector will not oppose it.
“I am reasonably confident… any political party which have mooted the idea of this Bill in the past, cannot have any serious reservation against it… I do see a positive attitude among some of the principal opposition parties,” he told reporters here, reports PTI. The much-delayed Insurance Bill, which seeks to raise the foreign investment cap in the sector from 26 per cent to 49 per cent, has been referred to the Select Committee of Parliament. The Bill, which comes with a rider that the management control would rest in the hands of Indian promoter, has been pending since 2008 in the Rajya Sabha.
