More FDI reforms on anvil, says Manmohan

Pegs CAD at around 5% for full 2012-13

After liberalisation of the foreign direct investment (FDI) regime for the retail and aviation sectors last year, Prime Minister Manmohan Singh today announced more FDI reforms were on the cards. He also promised reforms in the financial sector. This, he said, would be after careful consideration of a finance ministry panel report that suggested, among other things, a unified regulator instead of Sebi, PFRDA, Irda and FMC that could eventually merge even RBI with it. In September last year, the government had announced a slew of liberalisation moves, including allowing up to 51 per ...