Will govt. deliver what it promised in this Winter Parliament Session?

November 17, 2011   ·   0 Comments

is going to start on 22nd November, 2011, which is scheduled to have 21 working days. Key Policy making decisions www.stockssavvy.comneeds to be implemented in this winter session. Till now government has failed to keep Common man as well as Industrialist happy. Common man woes due to High Inflation, High interest rates on EMI’s & Lokpal Bill standing still. Lot of people have set their eyes on this one critical event which will decide how Stock market will behave in coming 3 months.

Here is list of key policy decision which government needs to take in this winter session:

  • Lokpal Bill: Most awaited Bill for the decade probably, Anna Hazare & his team has already warned government of the consequences of not getting this bill passed in this winter season.
  • DTC: Direct Tax code bill needs to be implemented.
  • Retail FDI Bill: Foreign direct investment for retail sector will open lot of avenues for retail sector in India & will pave a new way to control inflation with Distribution network getting strong.
  • Insurance Bill: With the set up of new core committee which will make a draft on the guidelines for the companies before they go in the stock market or get direct investment from the foreign institutes, this bill could get delayed to the next parliament session.
  • Aviation Sector Bill: With aviation sector in such a bad shape, direct foreign investment in required in the sector which needs to be opened up the government.
  • ONGC – Vedanta – Cairn Deal: Apart from the above mentioned bill, the deal needs to be passed which will bring direct foreign money in India.
  • Reliance – BP Detail: This is one of India’s biggest deal which will like
  • Apart from this, these are some important bills which will be discussed on the winter parliament session.

www.stockssavvy.com

The government on Wednesday agreed to the proposed 26 per cent foreign investment in the pension sector.  Amendments were made to the Pension Fund Regulatory and Development Authority or  PFRDA Bill 2011. No provision was made for providing assured returns to subscribers in the proposed law. The government had decided not to mention the foreign direct investment cap in the legislation itself for retaining the flexibility of changing it through an executive order.

The changes to the PFRDA Bill were approved by the Union Cabinet. The Bill, which has already been scrutinized by the Parliamentary Standing Committee on Finance, is likely to be taken up for consideration and passage in the Winter Session beginning November 22, 2011. The government is of the view that FDI cap in the pension should be at 26 per cent at par with the insurance sector.

Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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