Key bills to set stage for financial sector reforms
While finance minister Pranab Mukherjee has asserted that the next wave of economic reforms will provide a sustained stimulus to growth, the finance ministry has listed out seven important pending reform bills—on insurance, pension and banking reforms for ‘priority’ passage by Parliament.
These bills form part of the 100-day agenda, being finalised by Prime Minister Manmohan Singh’s office, officials said. “The Cabinet’s approval will be required afresh to introduce the bills (except the Insurance Amendment Bill) again in the ensuing session of the next Lok Sabha,” the finance ministry has submitted in a note to Cabinet secretary KM Chandrasekhar and the PMO.
Officials said the government was keen to push through the insurance sector bills quickly which aim to raise the foreign direct investment limit to 49% from the current 26%.
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To read the ePaper, visit: http://epaper.financialexpress.com
These bills form part of the 100-day agenda, being finalised by Prime Minister Manmohan Singh’s office, officials said. “The Cabinet’s approval will be required afresh to introduce the bills (except the Insurance Amendment Bill) again in the ensuing session of the next Lok Sabha,” the finance ministry has submitted in a note to Cabinet secretary KM Chandrasekhar and the PMO.
Officials said the government was keen to push through the insurance sector bills quickly which aim to raise the foreign direct investment limit to 49% from the current 26%.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com
Labels: banking reforms, bills, cabinet approval, economic reforms, finance minister Pranab Mukherjee, financial sector, insurance sector bills, manmohan singh office, pension
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10:37 AM
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