SME Times is powered by   
Search News
Just in:   • PLI scheme has attracted Rs 1.46 lakh crore investment, created 9.5 lakh jobs  • India’s growth momentum has picked up after Q2 slowdown: Jeffries  • Centre pays Rs 4,820 crore to 2.75 lakh farmers for pulses under MSP scheme  • India needs economically-viable tech for infra projects: Nitin Gadkari  • India's private sector growth surges to 4-month high in Dec: Report 
Last updated: 26 Nov, 2014  

Parliament.9.Thmb.jpg Winter session: Will politics play spoilsport?

Parliament.9.jpg
   Top Stories
» PLI scheme has attracted Rs 1.46 lakh crore investment, created 9.5 lakh jobs
» Centre pays Rs 4,820 crore to 2.75 lakh farmers for pulses under MSP scheme
» India's private sector growth surges to 4-month high in Dec: Report
» Govt inks Rs 13,500 crore deal for 12 Sukhoi fighter jets with HAL in big boost to self-reliance
» Over 2.2 crore women-owned MSMEs registered under govt scheme in last 4 years: Minister
Bikky Khosla | 25 Nov, 2014
The Winter session of the Parliament is going to be a testing one for the Modi-led NDA government. An extensive list of business has been lined up for the session, including some major issues, such as Goods and Services Tax, coal mine allocation, amendments in Land Acquisition Bill, labour law reform, Insurance Act amendment, changes in MGNREGS, etc. each of which are with enough potential to catapult into major controversies, lead to ruckus in the House and result in days of adjournment or even washing out of the entire session, causing colossal losses of valuable public money.

The government, which lacks majority in the Rajya Sabha, has reasons to worry. It has been reported that Congress is likely to oppose any changes in the land acquisition law and the MGNREGS. They are likely to resort to disruptive and delaying tactics in the Parliament. Similarly, some other parties like JD (U), CPM, BSP and SP -- as revealed by a Rajya Sabha MP recently -- will together oppose FDI hike in insurance sector. Absence of TMC and SP leaders at the all-party meeting called by the Parliamentary Affairs Minister on Sunday also gives a hint of trouble brewing.

In the above scenario, I think it will not be an easy task for the government to push legislative reforms during the Winter session. In a statement, the Shiv Sena has said that it would continue supporting the government at the Centre. In addition, it has also came to be known that the government is planning to use the joint sitting route to get past the numbers deficit in the RS. But still I think a difficult task lies ahead for the NDA. The opposition parties, instead of blindly pursuing an obstructionist agenda, should show a constructive approach to support much-needed economic reforms.

Particularly, I am concerned about the fate of three crucial bills: first, the GST Bill that seeks to introduce the biggest reforms in India's tax history by unifying and harmonizing indirect taxes across the nation; second, the Land Acquisition Amendment Bill that seeks to make land acquisition easier for industry; and third, the Insurance Laws (Amendment) Bill that seeks to raise the FDI limit in insurance sector to 49%. Healthy debate is welcome, but the political parties should rise over partisan issues to help the nation and its economy. Unfortunately, till now the way politics is playing does not offer encouraging signals.

I invite your opinions. 
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

Winter session
RAM NAT | Fri Nov 28 16:40:04 2014
 I think Mr Modi has taken some important decisions which may help the ease of doing business image of India.Ill advised moves like GAAR brought out by a former FM, retrospective taxes, etc has created a big problem for FDI .short term measures to improve tax revenues instead a long term vision was the undoing of the UPA and the Indian youth showed the door to them. I think a joint session seems the only answer

  Modi must be a strong good king to make a difference
WK | Sat Nov 29 06:33:30 2014
Besides GAAR, earlier another ex FM had introduced that massive loan waiver for farmers before UPA II's election, the benefit of which went mostly to wrong hands only. From that point of time India's fiscal deficit started widening. It shows how UPA's political ambition at the cost of the nation's economy did so much harm. The also planned a similar 3000 crore Mobile phone scheme months before last election. But fortunately, they failed to launch it. I hope BJP will not speak the same language. The party is just like any other political party, what makes the difference is PM Modi. So he has to control his ministers who now gradually have started freeing themselves from strict control. The latest Sanskrit-German issue is an example of this. Of course, we are in a democracy and we are only responsible for electing our ministers, but the story is very very complicated with presence of uneducated voters and large number of corrupt/celebrity but successful political leaders. Only ministers like Modi who has wisdom and power can bring some change. But complacency is an enemy. He must continue without lessening his efforts. We never trust ministers, nor any political party, but Mr Modi -- this is the truth of India's socio-political evolution till now. A good strong 'king' will do more good to the nation than a bad democracy. After some 50 or 100 years, we will probably able to have wise voters and some good ministers. Till then, we have to accept the truth and ride on it.


Winter Session of Parliament
A . Ghosh | Fri Nov 28 04:03:49 2014
You have rightly posed the attitude of the politics in India . We have not yet made us matured with respect to our common interest of the nation .


Winter session
Atul Vaidya | Wed Nov 26 05:13:47 2014
Sir, while I appreciate your analysis, I think as a business portal company, it includes advantages & dis-advantages of the bill and its impact on general public. If its favorable, an encouraging statement supporting the government may help motivate readers to take leadership in voicing the bill to pass or get rejected as the case. Its important that most articles are written in favor of general public and the business community. Political leaders are representative of these same audience and they must be "asked" to follow the suggestion of the public of whom they are servants (suppose this is what is claimed by them !). Its high time that under CSR, big business houses publish their opinions & reviews in form of such articles as from you. Also a consolidation of these articles on a website happens for the general public awareness. Thank you!!


 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter