Mitra, who had resigned from the BJP a few days ago, is considered close to veteran leader L K Advani.
Mitra was the editor of The Pioneer newspaper and was considered a respected voice on a variety of issues, ranging from politics to popular music, before poor health kept him out of the public eye for some time.
The Insurance Bill that the Bharatiya Janata Party government had announced would be passed in the winter session of Parliament has run into rough weather.
A list of prominent journalists who also became successful politicians.
A Parliamentary Committee on Wednesday recommended a composite foreign investment cap of 49 per cent in the insurance sector and supported a government Bill to amend the Act.
Rumblings of discontent in the Bharatiya Janata Party followed the party's disastrous performance in Bihar assembly elections on Sunday.
Currently, the select committee is considering the Bill.
During a media interaction, Mamata Banerjee voiced her discontent over the Centre's 'stepfatherly' attitude towards Bengal. Banerjee's detractors feel that the agenda that she conveyed to the media is nothing but an eyewash. According to them, 'Mamata and Modi are heading towards an alliance of convenience'. Indrani Roy reports from Kolkata on the agenda and politics of prime minister two-day visit to the state.
'Give time to the 2013 Act to work. I not only think that the 2013 law is workable, I believe that the 2013 law is a compromise, a balanced middle path and protects the interests of land owners and livelihood losers.'