 "Samajwadi Party says will not support pension, insurance reforms")
The Samajwadi Party (SP) will continue to support the Congress Party-led government, a party leader said, after the DMK withdrew from the ruling coalition in protest against the government's position on a U.N. resolution on Sri Lanka.
The SP, which is not part of the coalition but supports it in parliament, said however, it would oppose plans to open up insurance and pension sectors to foreign investors.
Earlier the left paries too had expressed their concern over letting foreign players take any kind of majority stake in the insurance and pension sectors.
"We will continue to support the government but we are against FDI (foreign direct investment) in insurance and pension sectors," SP leader Ram Gopal Yadav said.