| Sebi, anti-graftBills priority |
|
New Delhi, 3 February ABill to crack down on Ponzi schemes along with six anti-graft legislations is on top of the priority list of the government for the Parliament session starting this week. However, some key financial sector Bills such as Direct Taxes Code (DTC), Goods & Services Tax (GST), and insurance Bill will now have to wait for the next government. Finance Minister P Chidambaram on Monday said Sebi (Amendment) Bill, which seeks to empower the capital market regulator to effectively check illegal deposit taking and Ponzi schemes, was on his priority list. “I raised it in all party meetings. I pointed out the Bill was promulgated twice. Hope the Standing Committee on Finance will submit its report by tomorrow (Tuesday) or the first day of the session to enable Parliament to approve it… We will be doing great disservice to thousands of depositors whose money is stake at collective investment schemes which were not adequately regulated. It is imperative that this Bill is passed,” he said on Monday. The Parliament session, beginning on February 5 and ending on February 21, will have 12 sittings and the government plans to push 39 Bills in this session — the last before the general elections. It had a meeting with the opposition parties on Monday to seek their support for these Bills. The Telangana Bill, which provides for bifurcation of Andhra Pradesh, is one of the key Bills besides the anti-corruption Bills pushed by Congress VicePresident Rahul Gandhi. On the insurance Bill, which seeks to raise foreign direct investment cap in the sector from 26 per cent to 49 per cent, Chidambaram said the Opposition made it clear they would not pass it in the upcoming session. The Constitution Amendment Bill for introduction of GST will not be taken up either in the upcoming session as there is no consensus between the Centre and the states on many provisions. DTC Bill, which seeks to replace the 50-year-old Income Tax Act, may also have to wait. T Th hoos se ettoo b be ettaak ke en nu up p | T Te ellaan ng gaan naa B Biillll,, which provides for bifurcation of Andhra Pradesh | AAn nttii-ccoorrrru up pttiioon nB Biilllls s being pushed by Congress Vice-President Rahul Gandhi | SSe eb bii ((AAm me en nddm me en ntt)) B Biillll which seeks to empower the capital market regulator T Th hoos se ep pu utt oon nh hoolldd | IIn ns su urraan ncce eB Biillll,, which seeks to raise foreign direct investment cap in the sector from 26 per cent to 49 per cent | CCoon ns sttiittu uttiioon nAAm me en nddm me en ntt B Biillll for introduction of GST | DDT TCC B Biillll,, which seeks to replace the Income Tax Act BATTLE FOR BILLS FINANCE Insurers see slim chance of getting House nod forFDI in 2014 7 > |
This mail and its attachments (if any) are confidential information intended for persons to whom the email is planned for delivery by the sender. If you have received this mail in error please notify the sender of the error by forwarding the email and its attachments (if any) and then deleting the mail received in error and the relevant email trail in this connection without making any copies or taking any prints.
__._,_.___
No comments:
Post a Comment