Corporate General Insurance. ( Control the risk and boost your business)

CHIDAMBARAM SAYS FDI CAP PROPOSALS TO BE READY AS EARLY AS JUNE Unni Krishnan, New Delhi Mint
Proposals for India’s biggest opening to foreign direct investment (FDI), since the 1990s, may be ready in June as the government extends reforms to revive growth before the next general election. “There are two more sessions of Parliament, so I think there is enough time and enough opportunity to finish a substantial part of the unfinished agenda,” finance minister P. Chidambaram, 67, said in an interview in Toronto on Monday. “The government has a clear window to 31 December to push through changes,” he said, ruling out early federal elections. The vote is due by May 2014. The minister said plans to ease FDI caps could be submitted to the cabinet as early as June. He said he’s urged the opposition to back pending legislation to open the insurance industry further and allow overseas involvement in pensions. Chidambaram said last month many restrictions in about two dozen industries from telecommunications to banking could be removed or relaxed.