IMP-OST : 21st Jan, 2013
www.i-securesolutions.in : Parliamentary Standing Committee rejects FDI in Insurance
18-Jan-2013
Source : Economic Times
The proposal to hike foreign direct investment limit to 49% has been rejected by the Parliamentary Standing Committee on Finance.
Speaking to media after an IMC event, Yashwant Sinha said that Amendment to the Bill is stuck on only one issue on foreign direct investment. Also, the government’s unwillingness to reach out to opposition is holding back the amendment.
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