Retail FDI win opens way for more reforms in parliament: Kamal Nath

NEW DELHI Fri Dec 7, 2012 3:49pm IST

Kamal Nath reacts to a question during an interview with Reuters in New Delhi June 17, 2011. REUTERS/Adnan Abidi/Files

Kamal Nath reacts to a question during an interview with Reuters in New Delhi June 17, 2011.

Credit: Reuters/Adnan Abidi/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - 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 (WMT.N) to set up shop in India for the first time.

It 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.

(Reporting by Nigam Prusty)

FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Canonisation

Canonisation

Pope declares sainthood of two Indians, four Italians.  Full Article 

Stake Sale Strike

Stake Sale Strike

Coal India trade unions call off strike in victory for Modi.  Full Article 

Arms Purchase

Arms Purchase

India approves $2.6 bln mounted gun purchase - official.  Full Article 

Interview with Bulgari CEO

Interview: Bulgari CEO

Bulgari CEO: we shouldn’t have left India so we’re back  Full Article 

Formula One

Formula One

Hamilton takes second F1 title in style.  Full Article 

Available For Remake

Available For Remake

Bollywood finally wants to pay the price for remakes  Full Article 

Davis Cup

Davis Cup

Vintage Federer seals first Davis Cup for Switzerland.  Full Article 

Movie Review

Movie Review

"Happy Ending" is old wine in an older bottle  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage