The approval of the ordinance is a matter of cause. "Actions taken under the ordinance are deemed to be valid and at the end of the day, everyone knows that both in the lower house and also in the joint house we have the numbers and therefore the obstructionists can only delay," Jaitley said.
Taher Badshah of Motilal Oswal AMC says from a one-year perspective, earnings will have to grow upward of 15% to push the market ahead. So the government reforms will have to fall into place for the desired 15% upward push to earnings, he adds.