Don’t miss the latest developments in business and finance.

Karuna evasive on hike in insurance FDI cap

Image
Press Trust of India Chennai
Last Updated : Jan 25 2013 | 5:33 AM IST

"We always support workers' struggles," was the terse reply by the party chief M Karunanidhi when reporters sought his response to the recent cabinet move.

As part of the second economic reforms, the Union Cabinet had recently increased the FDI cap in insurance sector from 26 per cent to 49 per cent, drawing criticism from opposition parties.

DMK has opposed FDI in multi-brand retail and had joined the September 20 nation-wide protest.

  

Also Read

First Published: Oct 11 2012 | 3:05 PM IST

Next Story