The Government is determined to push insurance sector reforms and will not allow political obstructionism to stop it. Addressing the 87th annual general meeting of FICCI in New Delhi today, Finance Minister Arun Jaitley said, although the Insurance Bill was approved by Standing Committee of Parliament and Select Committee of Rajya Sabha, political obstructionism is being used to ensure it does not come on the agenda of Parliament. Without naming Trinamool Congress, Mr Jaitley said that the party, whose members are allegedly involved in chit fund scam, is trying to divert the attention by creating obstruction in the functioning of Rajya Sabha.

Observing that such attitude cannot stop a reform, which has support of overwhelming majority, Mr Jaitley said, there are enough safeguards, and Constitutional system can deal with and effectively defeat this policy of political obstructions. He said, with more and more State assemblies going to polls, the ability of the members in the Rajya Sabha to create obstruction will get further diluted. He said, the Coal Bill is another important legislation, which is being held up due to political obstructionism in the Rajya Sabha, and it is a Bill, which has been unanimously passed by the Lok Sabha.