SC or Prez may take final call on changes to Fema

A A

fe Bureau: New Delhi, Dec 07 2012, 03:47 IST

there is a delegated legislation (which is being amended). An amendment requires a vote in the House. That is not what is happening. So Fema is not being amended but consequential changes, subordinate legislation which normally are placed on the table of the House (and) as time passes, (they) get amended.”

Basudeb Acharia, CPM leader in the Lok Sabha: “We will definitely go ahead with Fema modifications sometime next week, after the Rajya Sabha debate on FDI. There is ample time for our party to challenge the Fema modification in the Lok Sabha.” His statement is on the basis of the norm that any change in Fema rules/regulations can be sought to modified by the members within 30 days of the same being placed in the House.

The government tabled the changes on November 30, but the Speaker while clubbing the debate on FDI decision and Fema amendments had restricted the window for members to seek modifications to four days. This, sources say, is the Speaker’s discretion that cannot be challenged in court.

CPI leader Gurudas Dasgupta said his party hasn’t decided yet whether it mould move an amendment to the modification in the regulation. Fema was an act passed in the winter session of Parliament in 1999. It replaced the Foreign Exchange Regulation Act.

Ads by Google

Single Page Format

Previous | 1 | 2 | 3

Rupee at 1-month high; up 40 paise Vs dlr Mayawati set to bail out govt in RS, to vote for FDIRupee up 40 paise, at one-month high Maya set to bail out govt in RS, to vote for FDI

Previous Story Fleeing after hitting bike, car collides with tempo; four dead Next Story Shome is new adviser to finance minister

Reader's Comments| Post a Comment

Be the first to comment.