Government on Thursday embarked on the second round of big ticket reforms by clearing 49 per cent FDI in insurance and pension sectors and reforms in futures commodities market. Though allies NCP and DMK Ministers did not attend the Cabinet meeting chaired by Prime Minister Manmohan Singh to convey their disapproval of these reform measures, the Cabinet approved amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, Insurance Laws (Amendment) Bill, 2008 and Forward Contract Regulation Act (Amendment) Bill to be brought in the winter session of Parliament.