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President signs insurance, coal ordinances

Dec 26,New Delhi: Paving way for additional foreign investment in insurance and to move ahead with the re-allocation of cancelled coal mines, President Pranab Mukherjee today signed the two ordinances in this regard.

The government had decided to promulgate these ordinances to move ahead with reforms in the two sectors, as respective bills could not get through during the just-concluded Parliament Session that ended on Tuesday.

The President has signed the two ordinances, Press Secretary Venu Rajamony said.