New Delhi: Government and the BJP on Monday reached a broad agreement on the Companies Bill and the Pensions Fund Regulatory Development Authority Bills paving the way for their passage in this session of Parliament.
Finance Minister Pranab Mukherjee on Monday held a meeting with senior BJP leaders LK Advani, Sushma Swaraj and Yashwant Sinha to discuss these two legislations.
Since the Left parties are opposed to them, BJP’s support is crucial. Sources said government agreed to the BJP demand for ensuring Guarantee Returns in PFRDA.
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. (PTI)
