Ø The People’s Democratic Party (PDP), with 28
seats, has emerged as the single largest party in Jammu and Kashmir, but the
hung Assembly formed by a four-cornered division of seats has made
government-formation an uphill task. The incumbent National Conference (NC) was
beaten by anti-incumbency, but has survived to fight another battle by winning
15 seats — 13 less than its 2008 tally. The BJP will explore the option of
either leading a coalition government or becoming part of one, its president
Amit Shah told a press conference.
Ø As the Winter Session of Parliament came to an
end, highly placed sources said the government was determined to issue an
ordinance to raise foreign direct investment in the insurance sector from 26
per cent to 49 per cent. The Insurance Laws (Amendment) Bill, 2008, that had been listed in the legislative
business of the Rajya Sabha, was not passed till the House adjourned on Tuesday
afternoon due to frequent disruptions.
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