NEW DELHI 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)
Net1 to invest up to $40 million in MobiKwik over two years
MUMBAI Payment services provider Net1 UEPS Technologies Inc will invest up to $40 million in Indian mobile wallet services provider MobiKwik over the next 24 months, the companies said in a joint statement on Friday.
Gold price correction boosts demand; Indian discounts fall to 3-month low
MUMBAI/BENGALURU Gold discounts in India fell to nearly three-month lows this week while fresh buying gathered some steam elsewhere in Asia as price corrections and festive buying lifted demand for the yellow metal.
Infosys says seeing client-specific softness after Brexit
NEW DELHI IT services provider Infosys Ltd is seeing some 'softness' in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday.