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More bills in Par to bring in economic reforms: Kamal Nath

Press Trust of India  |  New Delhi 

"Certainly, we are going to bring in more legislation in coming weeks in Parliament (financial bills) and we will be engaging all political parties on it," Parliamentary Affairs Minister told reporters here.

The Minister was asked if approval of FDI in retail by Parliament was a signal for more reforms in the near future.

Asked if the government has sought support of on the financial bills, he said, "I have discussed with them. I am sure that will also support us. They want one or two amendments in the bills and that discussion is going on. Convergence on this issue would be neccessary."

On the government's victory on the FDI issue in Rajya Sabha, Finance Minister P Chidambaram said, "After the Lok Sabha vote, it was perhaps not necessary to demand vote in Rajya Sabha. It is the right of Rajya Sabha and they asked for it.

"We showed that we have a clear majority.

The government has demonstrated that in both the Houses... We have the majority."

Minister of State in the PMO V Narayanasamy said FDI in retail is a subject, "which the Opposition parties took to a hype. The government's pro-reform policy (FDI in retail) has been approved by Parliament."

"We will take up other reforms in the interest of the nation and for economic reforms. This is the first step in that direction," he said.

Minister of State for Parliamentary Affairs Rajiv Shukla termed the approval of Rajya Sabha on FDI as a "grand victory for the government".

"The entire propaganda of the Opposition parties, especially and the Left front, has been exposed. Parliament has endorsed FDI in retail, which is in the interesets of the farmers... And there will be no harm to small retailers," he said.

Several important bills are likely to be taken up by Parliament for clearance during the ongoing session including the Companies Bill, Competition Bill and FDI in and pension sectors.

First Published: Fri, December 07 2012. 17:15 IST