Congress stonewalling insurance Bill to deny Modi credit: Govt

Rejecting the demand for referring insurance Bill to a select committee, the government on Thursday said the Congress was 'stonewalling' the key reform measure to deny credit to Prime Minister Narendra Modi before he goes to the US. Minister of State for Finance Nirmala Sitharaman also said the government felt let down by the Congress stonewalling its own proposal to hike FDI in insurance to 49 per cent from current 26 per cent. "Of course, there are whispers that it could be because they do not want to give credit to Modi before he goes to the US. I have reasons to suspect that is true. So, I can't see otherwise any substantial reason for them to say we oppose," she said.