Finance Minister P Chidambaram has reportedly said that bills on FDI in insurance and pension will be passed in Parliament for which he will soon open dialogue with the opposition parties including the BJP.
Economic situation is still very challenging, FM P Chidambaram reported.
Chidambaram also said all insurance companies have supported the IRDA proposal for raising the cap to 49%, reports said.
After Nifty witnessed 900-point flash crash, Chidambaram reported that the matter is being investigated and regulator SEBI would take necessary actions in this regard.
India Infoline News Service / 08:59, Aug 25, 2014
The outlook is a flat start. The BankNifty has given a breakout but many of the large caps are remaining in a range keeping the main indices under pressure.