Congress plans to corner BJP in Parliament on FDI

FDI-in-India,-Economy,-Business,-FinanceOpposition congress is planning to attack BJP on the FDI in defence allowing 100 per cent investment by foreign firms by easing norms during the monsoon session of Parliament. Congress leader Anand Sharma attacked the government saying that the recent FDI relaxation in Defence sector is not in India’s favour and his party will oppose it on the floor of the house in July-August session.

“Congress government had allowed FDI in defence with a pre-condition that it would be for state-of-the-art-technology but the present government has eased the conditions. Modi is working under pressure from the United States,” Congress leader Anand Sharma told reporters in Shimla.

On the other side government want to push the long-pending GST bill in the Monsoon session after easing out FDI norms and allotting funds to textiles and start-up’s. Expressing confidence that GST will be passed, Union Minister Nirmala Sitharaman said that Finance Minister Jaitley is very focussed on GST issue and is talking to every political party for support.

“Finance Minister (Arun Jaitley) has said that in coming Mooson session we will bring the bill (in the Parliament) and we have full expectation that we will pass it,” said the Commerce and Industry Minister.

With increased strength and support from some opposition parties in Rajya Sabha, the government is keen to get the GST bill, which has been pending for a long time now, passed in this session in the Upper House.

FILE: File Photo of Rajya Sabha in session during an ongoing Winter Session of the Parliament. Photo - RSTV

FILE: File Photo of Rajya Sabha in session during an ongoing Winter Session of the Parliament. Photo – RSTV

The government has already missed the target of implementing the GST regime from April 1, this year in the wake of stiff opposition to the tax reform measure by Congress and some other parties. The GST is being touted as a key tax reform measure by the Modi government which will help give a fillip of 1 to 2 per cent to the country’s GDP. The Bill has already been passed by Lok Sabha.

Monsoon Session of Parliament is likely to begin in the third week of July and end by mid August, with the Cabinet Committee on Parliamentary Affairs set to meet on June 29 to decide on the schedule.

Sources say that the Session is expected to start from July 18 and continue till August 13. The CCPA headed by Home Minister Rajnath Singh will, however, take the final call at its meeting on June 29.