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Indian lawmakers fail to put key bill past opposition roadblock

Published Tue, Dec 23, 2014 · 09:50 PM

New Delhi

INDIA'S lawmakers failed to pass one of Prime Minister Narendra Modi's biggest policy moves yet in a month-long parliament session that ended on Tuesday, risking disappointment among investors who expected quick changes.

Both houses adjourned until late February as opposition lawmakers blocked votes on key bills to debate reports of forced conversions of religious minorities. Neither body voted on the insurance bill, which was first introduced in 2008.

Seven months after Mr Modi's party became the first in three decades to win a majority in India's parliament, he's struggled to use that advantage to pass legislation. Further delays in approving laws to bolster Asia's third-biggest economy threaten to make India more vulnerable to a withdrawal of foreign funds as Russia's financial…

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