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The insurance sector seems to have mixed feelings for Budget 2013. While the opening up of the bank insurance route has been hailed as a key reform. The lack of additional tax concessions has disappointed insurers. Read more
After two days of animated debate, the Lok Sabha voted in favor of Foreign Direct Investment (FDI) in retail yesterday. Sensex has rallied about 5% during last week in anticipation of favorable outcome from the parliament. This coupled with other recent reform measures announced by the government probably marks the beginning of the much needed second generation economic reforms in India. Read more