The government's reform drive has hit another roadblock. The standing committee on finance has rejected the Insurance Amendment Bill and the Unique Identification Authority of India (UIDAI) Bill. The Banking Laws Amendment Bill has got only a conditional nod. CNBC-TV18's Shereen Bhan spoke to Ashvin Parekh of Ernst & Young to make sense of the developments.
Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: It is up to the government to either accept or reject whatever the standing committee has had to say, but the fact of the matter is that as far as three crucial economic bills are concerned, the standing committee of finance is not willing to play ball on two. ItDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
