SENSEX NIFTY
Oct 04, 2012, 06.29 PM IST | Source: Reuters

Cabinet clears pension, insurance reform for Par

The cabinet approved bills for foreign investment in insurance and pensions on Thursday in the latest move by Prime Minister Manmohan Singh to restore confidence in the flagging economy, but the reforms will face a tough fight in Parliament.

Cabinet clears pension, insurance reform for Par

The cabinet approved bills for foreign investment in insurance and pensions on Thursday in the latest move by Prime Minister Manmohan Singh to restore confidence in the flagging economy, but the reforms will face a tough fight in Parliament.

Under the bills cleared by the cabinet, the cap on foreign money in insurance companies would rise to 49 percent, sports minister Ajay Maken told reporters after the cabinet meeting at Singh's residence. He did not give details of the pension bill.

ADS BY GOOGLE

video of the day

No definite plans for merger of PSU banks: Banking Secy

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.