NEW DELHI, Nov 1 (Reuters) - - India's finance minister said
on Friday that he expected parliament to approve legislation
lifting the cap on foreign investment in insurance to 49 percent
from 26 percent in the next session of parliament that will end
P. Chidambaram told reporters 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.
(Reporting by Rajesh Kumar Singh)