Economic reforms are expected after hiatus arising due to the Diwali break. Horse trading in Delhi is in full swing particularly with regards to bills which need to go through Parliament (such as the Banking Amendment Bill). Our view remains that the FDI Insurance the Banking Amendment Bill is likely to be passed whilst FDI in Pensions is still in the balance. The Land Acquisition bill, however, looks unlikely to go through.
Burying GAAR for good (click on the following link for the Times of India story that where he says that he has signed off on the GAAR amendements and the matter is now approving the PM's and the Cabinet's approval
The FM is trying to move the long awaited Direct Taxes Code (DTC) forward
