India's Finance Minister P Chidambaram talked to opposition leaders today to lobby bills related to opening up the pension and insurance sectors in the country. Despite support from other lawmakers, Chidambaram failed to get any assurance from the opposition leaders of the government.
The finance head of India discussed financial bills listed in the agenda of the session with Bharatiya Janata Party (BNP)'s leaders Sushma Swaraj, Arun Jaitley and Yashwant Sinha. The opposition heads said that they will be supporting essential financial business, but will still oppose opening up of the insurance and pension sectors to FDIs or foreign direct investments.
"He (Chidambaram) came to discuss financial legislation that the government plans to bring in the monsoon session. There was agreement on some suggestions made by the Finance Minister, but disagreement on others," said Shahnawaz Hussain, spokesman of BJP.
In the upcoming parliamentary session, the opposition will discuss the government's plans to further ease restrictions foreign direct investments in India's local sectors.
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