President signs Coal and Insurance Ordinances

Pres­i­dent Pranab Mukher­jee has signed two key ordi­nances on Coal & Insur­ance The Coal Mines (Spe­cial Pro­vi­sions) Bill, 2014, was passed by the Lok Sab­ha, but could not be tak­en up for dis­cus­sion in the Rajya Sab­ha due to which the gov­ern­ment rec­om­mend­ed a re-pro­mul­ga­tion of the coal ordinance.

In the Insur­ance Amend­ment Bill, the gov­ern­ment rec­om­mend­ed pro­mul­ga­tion of a fresh ordi­nance, for an FDI hike from 26 per cent to 49 per cent in the sector.

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