Trinamool Congress on Sunday said it would continue to oppose the bills related to opening the pension sector to foreign investment and raising FDI cap in insurance to 49 per cent, in Parliament. "All bills, including those on privatisation of pension funds and FDI in insurance, should not be brought forward in the current session of Parliament. We will more or less oppose these bills because they will affect the...
02:56 AM, Dec 10, 2012
Parliamentary Affairs Minister Kamal Nath has assured that the UPA has the numbers to pass FDI in retail and said that the Opposition is largely in favour of passing other crucial reforms like the Insurance and Pension bills, albeit with some amendments. ...
08:08 PM, Dec 02, 2012
New Delhi: Even as the share markets surge ahead of Congress-led United Progressive Alliance (UPA) Government's second round of reforms, the Opposition is getting ready to stymie the move. The UPA Cabinet is expected to clear 26 per cent foreign direct investment (FDI) in pension and raise the cap in insurance to 49 per cent on Thursday. But the passage of the two bills in Parliament is likely to be...
03:04 PM, Oct 04, 2012
New Delhi: The Opposition is already up in arms against more reforms by the UPA government as the Cabinet is expected to clear 26 per cent FDI in pension and raise the cap in insurance to 49 per cent on Thursday. The Bharatiya Janata Party (BJP) is opposed to raising the FDI cap in insurance. The party has no objections with the 26 per cent cap, but is against raising...
01:40 PM, Oct 04, 2012
New Delhi: The cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a government minister told reporters on Wednesday. The bills, which require parliamentary approval before becoming law, will likely be taken up in the forthcoming parliamentary session. Their approval on Thursday will come weeks after Prime Minister Manmohan Singh unveiled measures aimed at...
09:49 PM, Oct 03, 2012
New Delhi: After FDI in retail, the Cabinet is likely give a push to another round of reforms on Thursday. The Cabinet will take up the long-pending insurance and pension bills on Thursday. The amended bills propose hiking foreign investment limit to 49 per cent from the present 26 per cent. Although the government had given its approval, it did not come up for discussion in the Monsoon session due...
03:50 PM, Oct 03, 2012
New Delhi: The Finance Ministry has proposed that foreign direct investment in insurance and pension sectors be increased to 49 per cent. The Insurance and Pension Bills will now need Cabinet approval before coming up before Parliament. These Bills have already made one trip to the Cabinet, but at the time it was for 26 per cent FDI. When Pranab Mukherjee was the Finance Minister, the Bills had gone to...
02:25 PM, Aug 22, 2012
New Delhi: The Finance Ministry on Friday put up the final Cabinet note on Insurance and Pension bills, proposing 49 per cent foreign direct investment (FDI) in both sectors. According to government sources, the Finance Ministry, under Prime Minister Manmohan Singh is planning to introduce both the bills in the Monsoon Session of Parliament. Sources further said that a political call on the FDI cap is likely to be taken...
06:39 PM, Jun 29, 2012
Mumbai: Allaying concerns that reforms have been put on the back-burner under pressure from some UPA allies, Corporate Affairs Minister Veerappa Moily on Friday said government is committed to allowing FDI in retail and expressed hope the pensions reforms bill would be cleared. "We are committed to FDI in retail," Moily said without giving a timeline. About the impasse over the Pension Bill, which the Cabinet deferred yesterday following opposition...
01:23 AM, Jun 09, 2012
Kolkata: Registering firm opposition over the proposed pension bill, Railway Minister and Trinamool Congress general secretary Mukul Roy on Thursday said his party wants more discussion on it as the standing committee on the legislation didn't have any representative from Trinamool. "Trinamool Congress wants more discussion on the issue of pension bill. Earlier, along with other parties we had also opposed the pension bill. The bill was then sent to...
04:40 AM, Jun 08, 2012
Catch the day's top stories on India at 9 with Rajdeep Sardesai. ...
11:38 PM, Jun 07, 2012
New Delhi: Less than 24 hours after Prime Minister Manmohan Singh chaired a meeting of the key economic minister to give a push to economic reforms and put an end to the policy paralysis, the Trinamool Congress on Thursday posed a new roadblock for the government, forcing it to defer the Pension Bill. The Union Cabinet was forced to defer the key reform bill after Union Railway Minister and Trinamool...
11:24 PM, Jun 07, 2012
New Army chief General Bikram Singh has accepted the explanation of Lt General Dalbir Singh Suhag on the discipline and vigilance ban served on him by former Army chief General VK Singh, said sources. The case will now go to the Ministry of Defence and the Cabinet for the final clearance, which one given, will pave the way for his promotion. ...
10:18 PM, Jun 07, 2012
New Delhi: Prime Minister Manmohan Singh continues to face a Trinamool road block in his push for reforms. The Union Cabinet was forced to defer the Pension Bill after the TMC's Mukul Roy raised the red flag. Wednesday's big ticket meeting called by the Prime Minister promised the much needed reforms and more importantly gave a sense that the days of policy paralysis could be over. However, 12 hours later,...
09:01 PM, Jun 07, 2012
New Delhi: Trinamool Congress (TMC) has once again forced the UPA Government to postpone a key reform measure, less than 24 hours after Prime Minister Manmohan Singh promised to give a push to economic reforms. The Union Cabinet on Thursday played safe by deferring the Pension Bill, following opposition by the TMC. Not willing to antagonise one of its key constituents just a few weeks before the Presidential polls, the...
03:31 PM, Jun 07, 2012
New Delhi: A day after Prime Minister Manmohan Singh met key economic ministers and pushed for reforms, the Union Cabinet on Thursday failed to clear the Pension Bill due to lack of consensus. Sources said that the Trinamool Congress (TMC) chose to keep to keep quiet when the Pension Bill was discussed. TMC nominee and Railway Minister Mukul Roy decided to attend the Cabinet meeting at the last minute after...
01:16 PM, Jun 07, 2012
New Delhi: The Union Cabinet on Thursday deferred the the long-awaited and crucial Pension Bill. Sources said that the Trinamool Congress (TMC) did not oppose the bill but chose not to speak when the bill was discussed in the meeting. The Centre had planned a 26 per cent cap on FDI in the pension sector. The Pension Fund Regulatory and Development Authority (PFRDA) Bill, which has been pending for several...
11:53 AM, Jun 07, 2012
New Delhi: The Union Cabinet is hopeful of clearing the long-awaited Pension Bill on Thursday. The bill has been in limbo since UPA I. Sources told CNN-IBN that the Centre plans a 26 per cent cap on FDI in the pension sector and also that the Centre is likely to raise FDI in insurance to 49 per cent The Cabinet meeting is also expected to take a decision on capital...
07:59 AM, Jun 07, 2012
New Delhi: The Cabinet is likely to approve three amendments proposed in the Pension Fund Regulatory Development Authority (PFRDA) Bill on Thursday. The three changes proposed in the bill are - contributors can withdraw funds from the pension scheme in case of an emergency, subscribers will be given a minimal assured return for the investment in their funds and there will be a 26 per cent cap on the FDI....
06:56 PM, Jun 06, 2012
New Delhi: After UPA constituent Trinamool Congress (TMC) on Thursday joined hands with the Opposition in the Rajya Sabha to go against the Government over the Lokpal Bill, the question raised is - has Mamata Banerjee just proved to be a difficult ally or has the Congress just failed to manage their biggest ally because of their arrogance? The TMC made its intension clear on Wednesday, a day before the...
10:15 PM, Dec 30, 2011
