12/22/2014

India's Modi may order insurance, coal reforms if vote delayed

Indian Prime Minister Narendra Modi consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon. Bitter and sometimes sectarian disputes between ruling party and opposition lawmakers have held up a number of bills scheduled for this session, raising concerns among investors about Modi's ability to pass reforms to revive the economy.