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A time aft the Lok Sabha passed it, the Rajya Sabha connected Wednesday (December 17, 2025) passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, which allows 100% Foreign Direct Investment (FDI) successful the security sector. The Upper House besides cleared the Repealing and Amending Bill that repeals 71 obsolete laws. The Lok Sabha had passed some the Bills connected Tuesday (December 16, 2025).
Parliament Winter Session: Follow LIVE updates connected December 17, 2025
The operation of security regularisation is precise intelligibly laid retired successful the Bill, and the premium collected from Indians by overseas security companies volition beryllium kept successful the country, Union Finance Minister Nirmala Sitharaman said, replying to a statement connected the Bill.
Private assemblage security companies were participating successful each payment schemes of the Union government, and the Bill would guarantee that overseas companies volition besides enactment successful societal sector-related activities and authorities schemes, Ms. Sitharaman said. “We are not giving them immoderate country to get distant from that responsibility,” she said.
The summation successful the FDI bounds to 100% would guarantee much overseas companies put successful India as, successful galore cases, they bash not find associated task partners owed to assorted reasons, the Minister said. With much companies, the contention volition increase, and premiums should drop, she said.
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Earlier, during the debate, the Opposition demanded that the Bill should beryllium sent to a prime committee of Parliament fixed the far-reaching interaction it has connected the security sector.
Initiating the debate, elder Congress MP Shaktisinh Gohil said the caller Bill posed a menace to information privateness arsenic overseas companies would request the PAN and Aadhaar cards of their customers, which whitethorn pb to integer frauds. The Centre should larn from the acquisition of privatising the civilian aviation sector, Mr. Gohil said, and urged that the Bill should beryllium sent to a prime committee.
Questioning the usage of 2 languages, some Hindi and English, successful the sanction of the Bill, Saket Gokhale of the All India Trinamool Congress (TMC) besides said the Bill opened the doorway to nett extraction by overseas companies.
A marketplace stock of $600 cardinal would spell to overseas investors erstwhile the Bill was implemented, Kanimozhi N.V.N. Somu of the Dravida Munnetra Kazhagam (DMK) said. “This is daylight robbery. The authorities should not squander opportunities to beforehand and fortify its ain PSUs (public assemblage undertakings), but this authorities done this Bill is favouring overseas investors and burdening our ain security companies,” Ms. Kanimozhi said.
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The Rajya Sabha besides passed the Repealing and Amending Bill. The Bill would region 71 outdated laws, correcting errors that had crept successful during the law-making process, and removing discriminatory aspects of definite laws, Union Law Minister Arjun Ram Meghwal said. “We springiness precedence to easiness of surviving on with easiness of doing business,” the Minister said. “These reforms are a measurement towards liberation from a assemblage mindset,” helium added.
The Bill seeks to repeal 71 Acts, including the Indian Tramways Act, 1886; the Levy Sugar Price Equalisation Fund Act, 1976; the Bharat Petroleum Corporation Limited (Determination of Conditions of Service of Employees) Act, 1988; the General Clauses Act, 1897; the Code of Civil Procedure, 1908; and the Indian Succession Act, 1925.
