Finally, UPA-II have set on hopes of investors, approved the reform of hike FDI cap in pension and insurance sectors, after opening doors of FDI in the multi-brand retail sector.
Today evening, Union Cabinet met and cleared the cap on FDI in insurance from 26% to 49% and kick off pension to 26% along with granting approval on the Companies Bill. Read more
The central government of the country is facing high pressure from the biggest opposition party BJP and the supporting party Left, as these parties are planning nationwide protest against UPA’s bid to allow FDI in retail and civil aviation sector.
Further, some regional parties such as Samajwadi party and Janata Dal (U) also joined the protesting camp, demanding a rollback of the hike in diesel prices and LPG gas cylinders. Read more
The UPA government seeks to debut the Constitution Amendment Bill in Parliament Monsoon Session today, the Bill for Promotion Quota for SC/STs in government jobs, was approved by Union Cabinet yesterday.
To introduce the Bill in the Rajya Sabha that would leave the middle class unhappy, seems to be a move of govt. to make functioning of Parliament which has been disputing by BJP since beginning of session, atleast from 10 days over the coal allocation scam and turning their focus on PM’s resign. Read more
With a twist, the race for President post entering in Rashtrapati Bhavan turned much complicated as on Wednesday Congress’s allies, TMC and SP, openly declare a joint refusal of Mukerjee and Hamid Ansari as the Presidential candidate.
Coming with name of Prime Minister Manmohan Singh’s candidature, West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee and Samajwadi Party chief Mulayam Singh Yadav have also shown their interest in name of former president APJ Abdul Kalam and former Lok Sabha speaker Somnath Chatterjee. Read more
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