Govt, opposition agree on banking bill - Chidambaram
NEW DELHI (Reuters) - The government has reached an agreement with the opposition for passing the banking amendment bill in parliament, Finance Minister P. Chidambaram told reporters on Wednesday.
The government is seeking parliamentary approval for amendments aimed at attracting more foreign investment into the banking industry, in the latest move by Prime Minister Manmohan Singh to open up Asia's third largest economy. (Reporting by Manoj Kumar;Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
The rupee rose to a five-week high against the dollar and stocks jumped more than 2 percent to near record highs on Thursday as exit polls predicted a strong showing for the key opposition party in recent state elections. Full Article