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Jharkhand, Maharashtra elections: Bill on increase in foreign direct investment in insurance could be introduced in winter session | India News – Times of India

Jharkhand, Maharashtra elections: A bill on increasing foreign direct investment in insurance could be introduced in the winter session
Economic policy initiatives such as raising the ceiling on foreign direct investment in insurance to 100% will be politically safer after the BJP’s landslide victory in Maharashtra.
Key government officials are optimistic that the bill can be presented to Parliament during the upcoming winter session. As for caste censuswhich only a few months ago looked like a major opposition strategy, the BJP, which carried out electorally profitable social engineering in Haryana and Maharashtra, now has the luxury of not being pushed into it for fear of a backlash.
Maharashtra’s victory is so overwhelming that BJP has won the optics game despite losing in smaller and politically less crucial Jharkhand. But even with that loss, the BJP’s vote share is close to that of the JMM-led INDIA alliance. The talk about the declining appeal of the party and Modi will now diminish.
The bill on increasing foreign direct investment in insurance may be introduced during the winter session

The other big political message was that Rahul Gandhi’s accusations of crony capitalism against the BJP are not an issue that voters care about. The Adani factor was stepped up by MVA in Maharashtra. But ordinary citizens have once again proven that a degree of economic security, even through government support, is much more important to them than the accusations of which rich industrialist is working with which party.
The Congress, after successive losses in Haryana and Maharashtra, has all but lost the leading status it had acquired among the opposition parties following the improved LS performance. Alliance partners will again be more aggressive in negotiations and less willing to follow agendas unilaterally set by Congress.
This will be especially the case when it comes to Congress’ opposition to the BJP’s future Hindutva agenda, be it the Uniform Civil Code or the passage of the Waqf Reform Act. Modi was noted in his post-victory speech when he said the Constitution did not support a waqf law.

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