|New Delhi - 09/07/2012
Source: Financial Chronicle
Government, which has of late been talking of pushing reforms, may get support from BJP on raising the FDI in insurance sector if it "reaches out" to the opposition. "We will see. They have to reach out to us with their concrete proposals. We'll look at it. If we find it worth supporting, we will certainly support," BJP leader Yashwant Sinha has said. He was replying to a question whether BJP would support the government if it comes out with a proposal that goes upto 49 percent Foreign Direct Investment in the insurance sector the way the BJP-led NDA government had proposed earlier. "Well, you are asking me a hypothetical question. When I had discussed it earlier with the then Finance Minister, he agreed with us that it should be restricted to 26 percent," Sinha said Karan Thapar in Devil's Advocate programme on CNN-IBN.