What does this mean for us?


With the Congress and their allies poised to form a government that hopes to function on their own terms , what are we to expect?

Here are few

1> Chidambaram during his tenure as finance minister early in 2004 had proposed an increased share of FDI for insurance in india. This was squashed by the left almost instantly. Looks like one could expect this dusty propaganda to be polished and made ready for revival.

2> Plans to allow investment of PF into the commercial market might see the light after all, given that the left was against this propoosal too. This will allow a whole range of long term funds to operate in our markets.

3>The unutilised funds in the highways programme might finally find a usefull outlet after all these years.

 

More to follow

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