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Finance Minister P Chidambaram said on Friday that he expected Parliament to approve legislation lifting the cap on foreign investment in insurance to 49% from 26% in the next session of Parliament that will end in December.
Chidambaram said the proposed legislation had key opposition support.
He said he was also hopeful that one or two foreign chains may enter the supermarket sector, part of government's moves to revive foreign investment in Asia's third largest economy growing at its slowest pace in a decade.
