Thursday, December 22, 2011

Government shelves Pension, Companies bills

PTI Dec 21, 2011, 08.34pm IST
NEW DELHI: After being forced to keep on hold FDI in retail, Government faced fresh hurdles when two major legislations-- Pension Bill and the Companies Bill--had to be shelved in the face of dissent again from its ally Trinamool Congress(TMC) as well as from main opposition BJP.
TMC today made it clear that it was not in a position to support some of the provisions of the Pension Fund Regulatory and Development Authority (PFRDA) Bill just days after it forced Government to suspend the decision to allow 51 per cent FDI in multi-brand retail.

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