Political obstructionism will not derail reforms: Jaitley

Image
IANS New Delhi
Last Updated : Dec 20 2014 | 5:15 PM IST

The government was "extremely determined" to push insurance sector reforms and would not allow parliamentary disturbances to stop it, Finance Minister Arun Jaitley said Saturday.

"Today the choice is clear. You either reform or miss the bus once again, and if the latter were to happen, a whole generation will not pardon us," Jaitley said in his inaugural address at industry chamber Ficci's 87th annual general meeting here.

He made it clear that the government will not countenance attempts to delay or obstruct reforms of the nature of opening the insurance sector to foreign direct investment (FDI) even as "political obstructionists are out to ensure that the issue does not come to the debating table of parliament".

The Rajya Sabha is currently stuck in a logjam over the conversion issue and the government has been unable to transact any business.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 20 2014 | 5:04 PM IST

Next Story