- Font:
- +
- -
NEW DELHI (Reuters) - The Indian parliament passed a bill on Tuesday aimed at drawing foreign investment to the banking sector by increasing shareholders' voting rights, after dropping a controversial clause allowing banks to trade in commodity futures.
Prime Minister Manmohan Singh's government is in a race against the clock to pass reforms it says are needed to breathe life into Asia's third-largest economy, which is headed for the worst year of growth in a decade.
(Reporting by Manoj Kumar; Writing by Matthias Williams; Editing by Frank Jack Daniel)
(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp
“ ”