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He said no major changes to other reforms were expected.
He said the reforms were expected to cost the banking industry as much as 8 billion, or about $12 billion, because banks would no longer benefit from the perceived guarantee that the government would bail them out.
The Bombay Stock Exchange's Sensex index crossed 19,000 on Thursday — the first time it has hit that mark since July 2011 — prior to an afternoon cabinet meeting at which the reforms were expected to be discussed and approved.
According to a tip to Politico's Morning Cybersecurity report, Foreign Intelligence Surveillance Act reforms were expected to be central to the deliberations in Berlin Thursday.
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Other reforms are expected.
Further legal reforms are expected to be announced later this year.
The wheat and beef mountains, which have disappeared since the 1992 reforms, are expected to return within five years.
The reforms are expected to make it easier for private providers to enter the market to compete with established providers.
Policy suggestions from these task forces will be discussed at the meeting and the reforms are expected to take effect next spring, sources close to the central government said.
PRESIDENT BUSH'S proposed reforms are expected to tackle most aspects of how America protects its citizens from attacks, rather than be limited to the intelligence services.
The imposition of the reforms is expected to affect 660,000 social housing tenants in a bid to cut the annual welfare budget.
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CEO of Professional Science Editing for Scientists @ prosciediting.com