March 2, 2011 9:02 AM

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Pranab seeks help from corporate sector to push reforms

The Finance Minister Mr. Pranab Mukherjee has urged the corporate sector to help in bringing about consensus in Parliament to push through long pending pro-reform legislation in financial sector. He said this is important as the UPA does not have adequate numbers in the two houses. The Constitutional Amendment Bill for ushering in Goods and Services Tax, GST, six other major bills are pending for approval in the two houses. For approving the Constitutional Amendment Bill , a 2/3rd majority is required to approve the legislation. They include amendment in Insurance Bill, the Revised Pension Fund Regulatory and Development Authority Bill and Banking Laws Amendment Bill. Mr. Mukherjee was interacting with Captains of Industry in New Delhi yesterday after presenting the budget in Parliament on Monday. The Finance minister said that budget should be seen as continuation of Government's Reform Agenda and assured the Corporate leaders that his Ministry is ready to go an extra mile to arrive at a consensus on GST. Our Correspondent reports that corporate leaders held the budget proposals but made a strong plea in their presentations of push forward financial sector reform in the country.

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