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Continuing with major economic reform, Indian PM Singh's cabinet considers proposals to lift...

Continuing with major economic reform, Indian PM Singh's cabinet considers proposals to lift caps on foreigners taking stakes in the insurance and pension industries. Unlike last month's moves to permit investment in the retail, aviation, and energy sectors, these new changes would require parliamentary approval. "The market is in a sweet spot right now," says a fund manager. The Sensex +1%.
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