House panel kills 3 key reform bills

In a major setback to the UPA government still smarting from the FDI in multi-brand retail fiasco, Congress MPs joined opposition members in Parliament's standing committee on finance to reject three major bills relating to unique identification numbers, banking and insurance on Thursday. The finance panel felt the UID Authority suffered from serious deficiencies over duplication of work with the registrar of census while it turned down the banking bill seeking to give investors in banks voting rights commensurate with their shares instead of the 10% cap at present.

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