Insurance and pension get FDI boost, need parliament nod

The UPA government, as anticipated, approved a series of legislations Thursday to raise the cap on foreign investment in the insurance sector and allow FDI in pension funds, among others. But even as the latest decisions aimed to sustain the pace of reforms unleashed last month, the government pinned its hopes on adroit political management and its ability to secure the BJP’s support for the moves to clear parliament.

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