Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land. Meanwhile, Ministry of Road Transport Highways has notified draft rules for setting up Registered Vehicle Scrapping Facility (RVSF). The rules lay down the procedure for setting up, authorization and operation of RVSF. Union minister Nitin Gadkari on Thursday said the vehicle scrapping policy will be a "win-win" policy that will help improve fuel efficiency and reduce pollution. Watch this News Today report with Rajdeep Sardesai.