The Finance Minister, Pranab Mukherjee, held a meeting with senior BJP leaders, L.K. Advani, Ms Sushma Swaraj and Yashwant Sinha Monday to discuss these two legislations. Since the Left parties are opposed to them, BJP’s support is crucial.
Sources said the Government agreed to the BJP’s demand for ensuring guarantee returns in PFRDA Bill. The Standing Committee on Finance, headed by Sinha, had made this recommendation.
It is not clear if the Government has also conceded to BJP’s demand for defining the quantum of FDI in PFRDA in the Bill itself instead of bringing it through an executive decision. Earlier, the BJP was adamant that if this provision is not included, it would oppose the Bill. However, it had later mellowed down its stand.
On the Companies Bill, which is listed in today’s revised list of business in the Lok Sabha, BJP wanted that the proposed law give a nod to Limited Liability Partnership (LLP). This has been agreed to by the Government, according to sources.
Both the Government and the BJP leaders denied that the Lokpal Bill was also discussed in this meeting. They maintained that the confabulations were related only to these two Bills which the Government is keen on getting it passed in this session.
The Corporate Affairs Minister, M. Veerappa Moily, is scheduled to move the Companies Bill in the Lok Sabha Monday.
TMC, which is a part of the ruling UPA coalition, has certain reservations about these two Bills but has said it will not do anything which would topple the Government. --NNN-PTI
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