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Cabinet to approve pension, insurance bills: Minister

NEW DELHI , Oct 3, 2012, (Reuters) -

The cabinet will approve amended bills on Thursday that seek to permit 26 percent foreign direct investment (FDI) in the pension sector and 49 percent in the insurance sector, a minister told reporters on Wednesday.

The bills will need parliamentary approval before becoming law. Currently, India does not allow FDI in the pension sector, while foreign investment in insurance is capped at 26 percent.


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A fan offers sweet to a poster of Sachin Tendulkar on his 41st birthday, in Bikaner on Thursday...

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Industrialist Mukesh Ambani with wife Nita Ambani and sons showing ink marked fingers after ...

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