New Delhi: The Finance Ministry on Friday put up the final Cabinet note on Insurance and Pension bills, proposing 49 per cent foreign direct investment (FDI) in both sectors.
According to government sources, the Finance Ministry, under Prime Minister Manmohan Singh is planning to introduce both the bills in the Monsoon Session of Parliament.
Sources further said that a political call on the FDI cap is likely to be taken soon.
Meanwhile, the Chief Economic Advisor to the Prime Minister, Kaushik Basu, struck a cautionary note, saying growth would be slow for the next three to four months at least.
"I see the growth picking up from October…can't take comfort from the argument that the economic slowdown is seasonal," said Basu.
He further said that the slowdown in growth "is staring at us".
Comments
0 comment