Indiaâ€™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 Indiaâ€™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 Â foreign direct investment (FDI) in insurance and pension, while questioning the Â â€œlegal and political intentionsâ€ of the Centreâ€™s reform initiatives.
The BJP is finding it hard to put the whole issue in black and white in spite of Â 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