Retail FDI win opens way for more reforms: Kamal Nath
The government's double victory in parliament votes on retail reform opens the way for financial sector reform bills to be taken up in parliament next week, Parliamentary Affairs Minister Kamal Nath said on Friday.
December 07, 2012 / 16:32 IST
The government's double victory in parliament votes on retail reform opens the way for financial sector reform bills to be taken up in parliament next week, Parliamentary Affairs Minister Kamal Nath said on Friday.
He was speaking to reporters after the government won a vote in the Rajya Sabha on allowing foreign supermarkets such as Wal-Mart Stores Inc to set up shop in India for the first time.Also Read: Sensex shrugs off UPA's FDI in retail win, closes in redIt won a similar vote in the Lok Sabha on Wednesday.Prime Minister Manmohan Singh's administration will now turn its attention to pushing more reforms, including raising foreign investment caps in the insurance and pension sectors."This is the victory for more reforms. In the following week we will bring more financial legislation on economic reforms," Nath said."Our reforms are on track," he added. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
