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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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Union Budget 2015-2016 viewing session at ASSOCHAM in New Delhi on Saturday...

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Narendra Modi and other BJP members during presentation of the Union Budget 2015-16...

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BJP MP Kirti Azad carrying his copy of the Union Budget 2015-16 at the Parliament House...

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Arun Jaitley along with MOS Finance Jayant Sinha leave Parliament after presenting the annual...

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Supporters of India's Cricket World Cup team wave the national flag during their match...

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