After a clear mandate of the Congress led UPA government, the financial sector reforms are likely to get a boost in the near future, which was put on the backburner due to opposition from the Left parties. The government is already having the pension as well as insurance and banking sector reforms before them and it is now up to the government to take a call on these.
According to HDFC Chairman Deepak Parekh, less dependence on allies will help to form a stable government the continuity of UPA-government is expected to push economic reforms. The government needs to opt for disinvestment in those PSU companies where its holding is more than 51 per cent to deal with the huge fiscal deficits, Parekh said.
According to HDFC Chairman Deepak Parekh, less dependence on allies will help to form a stable government the continuity of UPA-government is expected to push economic reforms. The government needs to opt for disinvestment in those PSU companies where its holding is more than 51 per cent to deal with the huge fiscal deficits, Parekh said.
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