Insurance and pension get FDI boost, need parliament nod

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Express news service :New Delhi, Oct 05 2012, 01:24 IST

cap in the pension bill would follow the limit in the insurance bill, as they went hand in hand. “If insurance bill passes with 49 per cent, pension will also be 49 per cent,” he said.

The cabinet committee on economic affairs also scrapped a proposal to develop a Rs 93,000 crore petrochemical hub in Haldia in West Bengal as the TMC state government had informed it in February that it was not keen on the project.

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Reader's Comments (3)| Post a Comment

FDI In Retail

S.S.Vinekar | 05-Oct-2012Reply | Forward

There are more consumers than sellers in Retail Trade in India. If the consumer benefits by FDI in Retail and at the same time the producer gets his profit why there is a thoughtless opposition? Earlier introduction of Computers was opposed because of fear of creating unemployment. But this opposition has been proved wrong.We have to compete in this world and adopt more organised method of retail trade which will fetch more revenue to Government by Sales Tax which is now being evaded by the local traders in Retail Trade.Local politicians will find it tough to extort more election funds from established retail trade companies and will curb corruption at grass root level and eliminate middle men.Our Opposition parties like TMC,BJP,CPM must think in the interest of the majority rather than protecting the minority traders and middlemen who fleece the consumers.

Insurance and pension get FDI boost, need parliament nod

B K Nandi | 05-Oct-2012Reply | Forward

Sonia Gandhi has been using Monmohan Singh for the her dynasty rule. Reform is the last use of him. It would have been better if PM would have resigned on CAG report. Instead dynasty congress thought of using for the last time in the pretext of his favorite subject reform and same time divert attention from a chain of scams and corruption. 1991 reform is a failure, dynasty congress could not convince people on reform, UPA government output are scams, corruption, loot etc, UPA could not give good governance and now they are imposing some punishments. Dynasty congress could not prove themselves, how people will trust them, how people will believe them that dynasty congress has merit to execute the reform properly. Dynasty congress is not only fooling people, they are bringing misery to the people of India.

FDI

Mishra | 05-Oct-2012Reply | Forward

Very sad day for India. These irresponsible politicians are selling the country. No one (I mean general public) seems to care. Are we not politically conscious any more? Walmart, Insurance, Pension what else? We already sold and lost our soul on cultural , educational, spiritual, economic, political and moral issues. We have lost our independence again. We need to ask the political parties if they are going to overturn these decisions when they come to power? Voting decisions should be based on that alone. Need to have strong, sincere, decisive and forward looking people in power. Current generation of politicians can't deliver it. Youth needs to get involved and set India free from these corrupt politicians.