Food Bill will not be a big game changer for Congress, because most states where the maximum poor live already run similar schemes. Besides, most of these states are not even run by the Congress and the chances of the Congress winning in those states are not high
While the government is under fire over the CAG report and the Opposition gunning for Prime Minister Manmohan Singh's resignation in the coal block allocations, UPA's reform agenda has been pushed to a corner.
In a bid to avoid yet another face-off with the Trinamool Congress (TMC), the Union Cabinet on Thursday deferred a decision on the PFRDA Bill that sought to allow 26% FDI in the pension sector.
Seeking to dispel the impression of policy inaction, the government is likely to give a push to pension sector reform by approving changes in the proposed PFRDA Bill so that it can be taken up by Parliament for the passage in the Monsoon session next month.
Ashvin Parekh, partner, national leader-global financial services, Ernst & Young spoke to CNBC-TV18 about what the PFRDA Bill contains and what it must contain.
Starting on Tuesday the winter session of the Parliament begins continuing till December 21.
Rajiv Kumar, Secretary General, FICCI feels that it is high time that thew government should finalise the policy on permitting FDI in multi brand retail.
After a washout monsoon session this year, the Parliament is all set to commence the much awaited winter session. While, the PFRDA Bill is one amongst the many crucial pieces of legislation slotted for this session, parliamentary affairs minister Pawan Bansal said that the direct taxes code is unlikely to go ahead in the winter session.
The government today approved amendments to the PFRDA Bill 2011 while agreeing to the proposed 26% foreign investment in the pension sector but refrained from providing assured returns to subscribers in the proposed law.
In a meeting yesterday Finance Minister Pranab Mukherjee assured India Inc that five key financial bills would be passed during the monsoon session. Now CNBC-TV18 learns that the FM has found support from the Standing Committee on Finance too on three of those five bills.
PK Bansal, Parliamentary Affairs Minister and Water Resources Minister urges the government to bring forth legislations which it intends to take up for discussions.
Finance Minister Pranab Mukherjee said that he is watching West Asia situations closely in order to take apt steps with an aim to keep a track on hiking energy prices.