Mamata opposes FDI in retail,insurance

8220;In our election manifesto what we raised,we will stick to it 8230; Other countries all over world are also saying if they allow FDI in retail market,then workers will die8230; So we are not in favour,8221; Banerjee said.

The government has been unsuccessful in going ahead with the key reform bills in Parliament mainly because of opposition from its key ally TMC.

It has not been able to go ahead with the implementation of foreign direct investment FDI in multi brand retail even after securing Cabinet approval.

Besides,government proposes to increase foreign investment cap in insurance sector to 49 per cent,from 26 per cent.

Further,it is also looking at passing the Pension Fund Regulatory and Development Authority Bill,2011,which provides for private sector and foreign investment in pension sector. In the aviation sector,the government is toying with the idea of allowing foreign airlines to pick up stake in domestic carriers.