Pension reforms may get Cabinet nod today

October 04, 2012 02:58

After opening up the multi-brand retail sector toforeign direct investment, the UPA seems set to take another shy at reforms by pushing for an increase in the FDI cap forinsurance and opening up the pension sector, besides expanding the scope of futures trading in commodities.

The Union Cabinet is to take up on Thursday the proposal for raising the FDI ceiling for insurance from 26% to 49% in a move that brings out government's willingness to make the most of the departure of Mamata Banerjee, and which could also test the BJP's resistance to the reforms rush.

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