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The frequent run-ins between the ruling side and the Opposition may not push important reform legislations off the table in the Budget session, but, BJP leader Yashwant Sinha recently told ET that his party was open for talks with the government on hiking the quantum of FDI in the insurance sector. Read more
The perception that reforms can be implemented only by stealth has was reinforced by the power play over FDI in multi-brand retail in the Rajya Sabha. Read more
Two days ahead of the Parliament opening recently, BJP leader and head of the Standing Committee on Finance, Yashwant Sinha, indicated areas where the government could get critical bills passed, provided, he underscored, the government chose not to be obdurate. While Sinha was critical of statements by commerce minister Anand Sharma saying executive decisions like FDI in retail couldn’t be questioned by those who had blinkers on, he suggested the BJP may not go with Mamata Banerjee’s no-confidence motion against FDI in retail—a decision will be taken later today. The Banking Regulation Act, which would allow RBI to start processing new bank licences, he indicated could get passed. Excerpts from an interview with Sunil Jain and Shobhana Subramanian: Read more