-The Hindu After having managed to push through the major reforms legislations such as the Banking and Companies Bills and also getting through with the 51 per cent foreign direct investment (FDI) in multi-brand retail, the UPA II dispensation will have to wait till the budget session of parliament to get the Insurance Bill passed which seeks to raise the FDI cap in the insurance sector to 45 per cent. With the...
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Panel Voices Utmost Concern Over Lower Funds for Tribals
-Outlook A parliamentary committee has expressed "utmost concern" over lower fund allocation for tribals this year and has pulled up the Tribal Affairs Ministry for not seriously pursuing the matter with the Finance Ministry and the Planning Commission for a higher budget. In a report, which was tabled in the parliament today, the Committee on Social Justice and Empowerment has also asked the Ministry to apprise it of the action taken by...
More »Legitimate aim, unconstitutional means -Anup Surendranath
-The Hindu The 117th Constitution Amendment Bill has failed to define low representation of SCs/STs which is necessary to make reservation in promotions possible There is certainly a strong argument to be made in favour of reservation for the Scheduled Castes and the Scheduled Tribes in promotions but the 117th Constitution Amendment Bill that was passed in the Rajya Sabha is a poor attempt at achieving that goal. Article 16(4A) of the Constitution...
More »Government saved over Rs.30,000 crore due to power privatisation, claims Minister
-The Hindu The Delhi Government has saved nearly Rs.30,000 crore due to power privatisation and this money has been invested in improving the infrastructure. This has resulted in meeting the peak power demand of up to 6,250 MW and minimal power cuts despite the average annual per capita power consumption in the Capital being 1,450 units, almost twice the national average, Delhi Power Minister Haroon Yusuf said while replying to a...
More »Lok Sabha passes companies, banking Bills-Asit Ranjan Mishra, Liz Mathew and Surabhi Agarwal
-Live Mint Consideration of land acquisition Bill deferred after opposition seeks more time to study new clauses India’s parliament got down to business on Tuesday with the Lok Sabha passing two critical Bills, the Companies Bill, 2011, and the Banking Laws (Amendment) Bill, 2011, although it deferred consideration of the land acquisition Bill. The new Companies Bill, when it is enacted, is expected to improve the quality of corporate governance by strengthening...
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