India powers on with economic reforms - 0 views

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  #1 india incorporated on 29 Dec 14

   

  In a move to reiterate its determination to push ahead with economic reforms even in the face of stiff opposition, the Indian Cabinet this week cleared Ordinances to allow for the auction of coal mines and increase the limit of foreign equity in Indian insurance companies from 26 per cent to 49 per cent.

  A united Opposition, led by the Congress, had stalled the passage of these crucial legislations in the Rajya Sabha, the upper house of Indian Parliament in the recently concluded Winter Session.

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  <div class="cArrow"> </div><div class="cContentInner"><p>In a move to reiterate its determination to push ahead with economic reforms even in the face of stiff opposition, the Indian Cabinet this week cleared Ordinances to allow for the auction of coal mines and increase the limit of foreign equity in Indian insurance companies from 26 per cent to 49 per cent.</p><p>A united Opposition, led by the Congress, had stalled the passage of these crucial legislations in the Rajya Sabha, the upper house of Indian Parliament in the recently concluded Winter Session.</p><a rel="nofollow" href="http://www.indiaincorporated.com/item/4155-india-powers-on-with-economic-reforms.html">Read more...</a><br /><br />Visit us at: <a rel="nofollow" title="Link: http://www.indiaincorporated.com" href="http://www.indiaincorporated.com/">www.indiaincorporated.com</a><br /><br /></div>

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