Global biz leaders to push for reforms

[IndiaInsurance]

Disappointed with the virtual stalemate on key economic reforms in the UPA-II government, a high-level group comprising top global business honchos of Indian origin like Indra Nooyi, LN Mittal and Vikram Pandit would meet Prime Minister Manmohan Singh early January next year to press for speeding up of reforms. Subjects that would figure prominently in the meeting would be raising the FDI cap in insurance to 49%, allowing foreign investment in multi-brand retail and setting up one composite FDI body which would both frame and clear FDI proposals, a source said. These corporate bigwigs, apart from 15 other members, who ...

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