Parliament defers voting on insurance bill - minister
NEW DELHI (Reuters) - Parliament will not vote during this session on a long-awaited insurance bill aimed at raising the foreign investment cap to 49 percent from 26 percent in the industry, Finance Minister P. Chidambaram said on Tuesday.
The government had earlier planned to get parliament's approval for the insurance bill during the session that ends on Thursday. He did not mention a similar bill covering the pensions sector, which another minister said was also unlikely to be taken up this year.
(Reporting by Nigam Prusty; Writing by Manoj Kumar; Editing by Frank Jack Daniel)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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