New Delhi: 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. Over 90 bills are waiting for an approval by Parliament and the government's efforts seem to be losing steam as it tries to work against a deadline of the 2014 elections.
With only adjournments in Parliament, the government's to-do list is only increasing - over 90 bills waiting to be approved.
Here's a list of the ones much needed:
The Banking Laws Amendment Bill: This bill seeks to strengthen the regulatory powers of the Reserve Bank of India (RBI) and aims to address capital raising capacity of banks.
The Companies Bill: Pending since 2009, if passed, this bill will protect the rights of minority shareholders, bring about responsible self-regulation and accountability, and lesser government control over internal corporate processes.
The Women's Reservation Bill: This bill seeks to reserve 33 per cent of seats to women in Parliament and state assemblies has been on hold since May 2008.
The Insurance Laws (Amendment) Bill: Stuck since 2008, if cleared this bill will allow foreign investors to invest in an Indian insurance company. The aim is to raise FDI to 49 per cent.
The Pension Fund Regulatory and Development Authority (PFRDA) Bill: This bill which is pending since 2011 will promote old age income security by developing pension funds. Finance Minister P Chidambaram has cleared a proposal of 49 per cent FDI for the same.
The Lokpal Bill: This bill is for setting up of an anti-corruption watchdog.
Despite several attacks on anti-corruption crusaders, the Whistle Blowers' Protection Bill introduced in Lok Sabha in December 2011 and is still waiting for the final clearance. Launched with much fanfare, the UID Bill also continues to wait.
In all, the Lok Sabha has 49 pending bills and the Rajya Sabha has 47. In the political cacophony raised by an auditors report, governance and reforms are clearly not priority for our lawmakers.