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No To Reforms
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  • Telecom Hike in fdi cap opposed by local firms and home ministry

  • Power The ministry thinks it may be better to give fixed returns to promoters; a clearly anti-reforms move

  • Insurance LIC has been peeved with the growing clout of private players; now the combined foreign holdings ceiling has been lowered

  • Civil Aviation Too many complex equations at work to stall any liberalised initiatives

  • Disinvestment Strategic sales given up and only ipo route being pursued by Shouri
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