Maintaining that it is not opposed to more FDI in the insurance and pension sectors, the main Opposition BJP on Thursday insisted that certain caveats and conditions should be met to “safeguard the interest of the people”.
The party said it would first like to see the “fine-print” of the reforms when asked whether it will support these measures in Parliament. The Left parties, on the other hand, said they will strongly oppose these measures in Parliament.
The Congress, meanwhile, expressed confidence that it will be able to ensure the passage of concerned bills in Parliament by bringing other political parties on board.
On pension, the BJP maintained that the government ensures “sovereign guarantee of the pension fund for minimum returns of 8.5 per cent”, protection of labour interest and security of the pension fund itself.
CPI-M general secretary Prakash Karat said: “The UPA government is determined to sell out the interests of the country in all sectors. We will work to defeat all these bills in Parliament.”