Hike in insurance FDI cap to help corporate houses: Tripura CM

Hike in FDI cap in the insurance sector to 49 per cent from the current 26 per cent was being done to help large corporate houses and multi-national firms, Tripura Chief Minister Manik Sarkar alleged today.
The hike in FDI cap in the insurance sector would also affect banking, agriculture, students, farmers and others, Sarkar said at a general conference of the Eastern Zone Insurance Employees' Association here.
"It is very strange that a government is functioning in a completely autocratic way. They are not listening to any protest, any opposition, any suggestion. The UPA government is even not bothering about protests inside Parliament," he said.

Alleging that the BJP was helping the Congress in privatising public sector undertakings, Sarkar said, "UPA is now turning toward BJP and wants to pass the insurance bill in the forthcoming winter session. Earlier also, pension bill, land bill and some other important bills were passed jointly."
Taking a dig at his Gujarat counterpart Narendra Modi, he said, "Like Babri Masjid demolition, the Gujarat riots are also a black spot in Indian history. Thousands of people were killed from the minority community ... BJP cannot be an alternative to the Congress."
He said what was needed was a non-BJP, non-Congress, secular, democratic and pro-people front's government at the Centre.