Coal news and updates

Reforms back on track; insurance, coal and mines bills may get nod

In a breakthrough for the government's efforts to push through reforms legislations, Congress has agreed to support passage of the insurance bill in Rajya Sabha which seeks to raise the FDI cap from the existing 26 to 49% on Thursday.

Sources in both government and Congress confirmed that the two sides have reached an understanding which should lead to early enactment of the Insurance Laws Amendment Bill, bringing to an end an exercise which began under UPA-1.

The improved prospects for the reforms legislation which had appeared stuck came amid indications that the government's effort to move its legislative agenda may finally be making some headway. On Wednesday, it succeeded in thwarting the attempt to put two reforms legislations — the Mines and Minerals (Development and Regulation) Amendment Bill, 2015, and the Coal Mines (Special Provisions) Bill, 2015 — into the deep freezer of select committees for greater scrutiny.


source: http://timesofindia.indiatimes.com