Cabinet to kick off second round of big-ticket reforms today
Amid oppositional negative reaction over UPA-II FDI in retail reforms, seeming that Cabinet never afraid on Opposition verbal attacks and set for kick off the second round of big-ticket reforms.
Today, the Union Cabinet is likely to meet and debate over opening door for the pension and insurance sectors to 49 per cent for FDI, approving the Competition Bill across all sectors under Companies Act 2011 along with approval of the 12 Five Year Plan.
In the agenda of UPA second big round of reforms, the establishment of National Investment Board for single window clearance headed by the Prime Minister and giving approval for the conversion of domestic airports including Lucknow, Varanasi, Tiruchirapalli, Mangalore and Coimbatore to International in the Tier II cities, are also enlisted.
Cabinet Ministry which is well understood about the measures significant for economic growth and development of the nation, would decide another crucial facts.
The Forward Contract Regulation Act Bill which focus on holding more powers in hands of commodity markets regulator FMC and tripartite agreement for infrastructure projects the Infrastructure Development Fund (IDF) are also be discuss.
Within one month, UPA-II hit in the second time such major steps in sake of increasing economic growth and reforms maintenance, allowing FDI in civil aviation, pension and infrastructural sectors. The Ministry will also discuss Amendment of the Double Taxation Avoidance Agreement (DTAA) with Armenia and Poland.