Pensions Bill

  • There is no case for India's rating dowgrade, says PM's economic advisor September 13, 2013

    Government has already taken a host of reform measures and there is no case for any downgrade of India's sovereign rating by global agencies, Prime Minister's key economic advisor C Rangarajan said on Friday. "The rating agencies have been talking about the reforms having been put on the back burner. But...
  • Rajya Sabha passes Pension Bill nearly after a decade September 6, 2013

    After a delay of nearly a decade, Parliament, on Friday, passed a key economic reforms legislation, the Pension Bill, that aims to create a regulator for the sector and allows at least 26 per cent FDI. The Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2011, was passed in the Rajya...
  • Govt survives Opposition onslaught, passes key bills September 4, 2013

    New Delhi: The Coalgate issue has seen the Opposition train its guns squarely on the prime minister. The BJP wants the Prime Minister to be questioned in Coalgate. But despite the opposition protests, the government did get some respite in Parliament on Wednesday, enough to pass the pension bill that...
  • LS passes Pension Bill; Chidambaram says can expect more FDI September 4, 2013

    The long pending Pension bill has been passed in the Lok Sabha on Wednesday. The TMC, DMK and Left parties opposed the bill. The bill provides for market based returns and wide coverage based on several investment options in the pension sector. Finance Minster P Chidambaram said that we can...
  • LS passes Pension Bill, Chidambaram says 28 states have agreed to join the new scheme September 4, 2013

    New Delhi: The Lok Sabha on Wednesday passed the crucial Pension Fund Regulatory and Development Authority Bill (PFRDA) even as vociferous protests over missing coal files and petrol price hike shadowed the proceeding in Parliament. The bill allows subscribers to invest in stock market with a cap. The Pension Bill...
  • Key features of Pension Fund Regulatory and Development Authority Bill September 4, 2013

    The Congress-led United Progress Alliance Government is keen to get the Pension Fund Regulatory and Development Authority Bill 2011 passed by Parliament. Parliamentary Affairs Minister Kamal Nath on Wednesday indicated that the monsoon session of Parliament may be further extended as several crucial bills are pending. Key features of the Pension...
  • Live: Lok Sabha passes the crucial Pension Bill September 4, 2013

    New Delhi: 6:05 pm: The Lok Sabha has passed the crucial Pension Bill. 5:15 pm: While talking on the Pension Bill in Lok Sabha, Finance Minister P Chidambaram said 28 states have agreed to join the new pension scheme. "We have accepted all recommendations except one," he added. 5:10 pm: Jairam...
  • Kamal Nath indicates monsoon session may be extended further September 4, 2013

    New Delhi: Parliamentary Affairs Minister Kamal Nath has indicated that the monsoon session may be extended further as key bills remain pending. "If the need be we can extend the monsoon session of Parliament. Key legislations are pending, we hope the parties will cooperate," Kamal Nath said. While Prime Minister...
  • BJP gives no assurance as PM seeks support for crucial bills September 4, 2013

    New Delhi: In an attempt to end the standoff over the missing coal files, Prime Minister Manmohan Singh on Tuesday reached out to the Opposition and held a meeting with senior BJP leaders L K Advani, Arun Jaitley and Sushma Swaraj at his residence. At the meeting, the Prime Minister urged...
  • Attempt to take up Pension Bill in LS scuttled amid uproar September 3, 2013

    New Delhi: An attempt to move for consideration the Pension Bill in the Lok Sabha was scuttled on Tuesday as BJP and Left created uproar, expressing dissatisfaction over Prime Minister's statement on the missing files related to coal block allocations. Finance Minister P Chidambaram rose twice to move the Pension Fund...
  • UPA aims to pass more bills after Food Bill gets Parliament's approval September 3, 2013

    New Delhi: The Food Security Bill was passed in the Rajya Sabha on Monday after an eight hour long debate. The Bill will now be sent to the President for ratification. It was up for discussion in Rajya Sabha after it was passed in the Lok Sabha in the previous...
  • BJP backs Food Security Bill, but against some aspects, says Jaitely September 2, 2013

    New Delhi: 3:30 pm: Sitaram Yechuri blamed the government for indulging in practices of corruption. "There is no shortfall of money in the country. Money is being looted and parked through corruption. If the corruption can be controlled there will be a lot of money in the economy," Yechury...
  • PM, FM wanted Parliament session extension for Pensions Bill: sources September 2, 2013

    New Delhi: With the Pensions Bill likely to come up for discussion in Parliament on Monday, sources are saying that Prime Minister Manmohan Singh and Finance Minister P Chidambraram had pressed for an extension of Parliament session till September 6 so that the Pensions Bill can be passed in the...
  • Government hopes to push key bills in last week of monsoon session September 2, 2013

    New Delhi: The government is eyeing to push some key reform bills for discussion in Parliament in the last week of its monsoon session. With the government facing persistent attack over economic crisis and the Prime Minister promising more reforms, it is planning to introduce as many bills as possible...
  • TMC to continue opposition to pension, insurance bills December 10, 2012

    Kolkata: 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...
  • Reform bills in messy situation because of Oppn: Kamal Nath December 2, 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. Speaking to Karan Thapar on Devil's Advocate, Kamal Nath...
  • India Inc calls Cabinet's decisions on reforms 'pathbreaking' October 5, 2012

    New Delhi: India Inc on Thursday lauded the Cabinet's decision to approve legislative changes that will allow up to 49 per cent foreign equity in the pension sector and hike such limit in insurance to 49 per cent from 26 per cent, calling it "landmark" and "pathbreaking". The Cabinet meeting, presided...
  • Pension FDI, hiking cap in insurance: Stand of parties October 4, 2012

    New Delhi: Even as the share markets surge ahead of Congressled 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...
  • Oppn up in arms as UPA prepares for more reforms October 4, 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...
  • Cabinet set to approve pension, insurance bills October 3, 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...
  • Cabinet to discuss insurance, pension bills tomorrow October 3, 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 longpending insurance and pension bills on Thursday. The amended bills propose hiking foreign investment limit to 49 per cent from the present 26 per...
  • Chidambaram wants 49 pc FDI in insurance, pension August 22, 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...
  • PM may push FDI reforms in Monsoon Session June 29, 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...
  • Govt committed to retail FDI, Pension Bill: Moily June 9, 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...
  • TMC wants more discussion on Pension Bill: Roy June 8, 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...
  • India @ 9 with Rajdeep Sardesai June 7, 2012

    Catch the day's top stories on India at 9 with Rajdeep Sardesai. ...
  • UPA's reform drive hits TMC roadblock again June 7, 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...
  • News 360: Army chief accepts Lt Gen Suhag's explanation June 7, 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...
  • Govt hits TMC roadblock, faces pension paralysis June 7, 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...
  • TMC forces UPA Cabinet to defer Pension Bill June 7, 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...