Telangana issue may halt Pension Bill approval in Lok Sabha

After the successful passage of the Food Bill and the Land Acquisition Bill, the government is hoping to get an approval for the Pension Bill. A foreign direct investment (FDI) of 26 percent in the sector and assured returns will be the two key demands that have been proposed by the Bharatiya Janata Party (BJP), reports CNBC-TV18’s Siddharth Zarabi.

Also read: I am positive on India: Rakesh Jhunjhunwala Sources say that the amendments in the Bill, which has been hanging since 2005, have been accepted. However, the house may see no action on Tuesday; in continuation with Monday’s events, where nine Andhra Pradesh MPs were suspended for disrupting parliamentary proceedings on the Telangana issue. If it does function, then the Bill will likely be passed on Tuesday. Supplementary demand for grants and the Securities law amendment are the two key issues that will also dominate the agenda. The law is proposed to include aspects like plugging ponzi schemes and collective investment schemes, which are extremely important for corporate India.