India: Government secures parliamentary backing for FDI
The government won the votes of the lower house on Wednesday and the upper house on Friday, after a series of acrimonious debates.
“This is a victory for more reforms,” Parliamentary Affairs Minister Kamal Nath told reporters shortly after the vote, adding that it clears the way for bills to allow more foreign investment in financial services to be introduced in Parliament.
The votes were non binding, but there is speculation that defeat would ave pressured them towards repealing the decision to allow FDI.
Source: washingtonpost.com