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India’s Congress Party-led government is vowing to press forward with pro-investor reforms after defeating Opposition motions, in both houses of Parliament, that condemned its decision to open India’s retail sector to multi-brand Foreign Direct Investment (FDI). Read more
The Bharatiya Janata Party recently refused to play straight on allowing 49 per cent  foreign direct investment (FDI) in insurance and pension, while questioning the  “legal and political intentions†of the Centre’s reform initiatives.
The BJP is finding it hard to put the whole issue in black and white in spite of  committing in a parliamentary standing committee that the party is open to FDI in insurance and pension only to the extent of 26 per cent. Opposition parties like the Janata Dal-United, Left and the Trinamool Congress have outrightly rejected the proposed fillip to the economy by the ruling United Progressive Alliance (UPA). Read more