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Modi to pressure lawmakers on insurance

He'll use executive order to allow changes to insurance and coal mining sectors

Published Fri, Dec 26, 2014 · 09:50 PM
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New Delhi

PRIME Minister Narendra Modi has sought to pressure Indian lawmakers into approving two key economic policy changes a day after a Parliament session ended without a vote on the bills.

Mr Modi will use an executive order known as an ordinance to allow more foreign investment in the insurance sector and make coal mining more transparent. The insurance legislation had been pending since 2008 and was sought by US policymakers ahead of US President Barack Obama's trip to New Delhi next month.

An ordinance is valid for six months and must be voted on during the next Parliament session, which starts in late February.…

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