After retail issue, Mamata forces govt to delay Pension bill

Posted By: Ria
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Mamata Banerjee
New Delhi, Dec 21: The UPA government has withdrawn the Pension Fund Regulatory and Development Authority bill, which was scheduled to be tabled in Parliament on Wednesday, Dec 21 after West Bengal Chief Minister Mamata Banerjee raised the reservation issue.

After Mamata expressed reservations of TMC on the bill, the government may defer its tabling in Parliament, sources claimed.

On Monday, Dec 19, Pranab Mukherjee, Finance Minister held a meeting with senior BJP leaders LK Advani, Sushma Swaraj and Yashwant Sinha to discuss these two legislations, Companies Bill and the Pensions Fund Regulatory Development Authority Bill. BJP had assured its support over the Pension Bill.

The standing committee presided by Yashwant Sinha had favoured the quantum of FDI in the Pension sector at 26 per cent and allow such investments to flow into India through a specific provision in the Bill.

Earlier also, Mamata has opposed the foreign direct investment in retail. This time also she demanded reservations for her party.

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