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New Delhi, Oct 24: The global turmoil will not dampen the Centre’s plans to push long-pending reforms in banking, insurance and pension. Responding to a starred question by Congress MP Bapu Hari Chaure and CPI (M) MP Santasri Chatterjee in Lok Sabha on Friday, Finance minister P Chidambaram said, “There is no change in government’s stance regarding banking, insurance and pension reforms.” Chaure and Chatterjee had sought to know if the government had decided to defer economic reforms in the country in view of the financial crisis that began in the US and has spread to the rest of the world. The two MPs also asked if the Centre would reconsider its specific plans for reforms in banking, insurance and pension sectors.
While pointing out that the government’s approach to economic reforms involves a continuous review of public policies, Chidambaram dispelled any doubts that it would defer the reform agenda any further on account of the US crisis and said, “It also involves re-working policy priorities with a view to improving opportunities and minimising the adverse effects of specific national and international developments on the economy.”
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