Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Three-month-long Budget session to be a stormy affair

Feb 20 2013, 12:49 IST
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Three-month-long Budget session to be a stormy affair. (Reuters) Three-month-long Budget session to be a stormy affair. (Reuters)
SummaryPrime Minister Manmohan Singh had said the government was ready to discuss all issues.

Thursday.

At a meeting of chief whips convened by Nath yesterday, political parties had conveyed that they intend to raise issues including the chopper deal, hanging of Afzal Guru, price rise, land acquisition, food security, during the session.

Ahead of the session, Lok Sabha Speaker Meira Kumar has appealed to everyone to allow Parliament to function smoothly.

"I am not presuming anything," she had said when asked whether she was apprehending disruptions during the session.

"I will appeal to parties to let the House run. I will appeal to members not to resort to lung power," she had said.

The session has a heavy legislative agenda, including getting Parliament nod to three ordinances, introduction of as many as 16 bills, consideration and passage of 35 bills.

These include the national food security bill, the criminal law amendment bill, reservation for SC/STs in promotion bill and a bill aimed at prevention and prohibition of sexual harassment of women at work place. Besides, 13 items related to financial business, including discussions on General and Railway budgets, and budget for Jharkhand which is under President's Rule.

The enactment of key legislations like strengthening of anti-rape laws, land acquisition bill and Lokpal bill is likely to be delayed.

The argument of some parties was that if measures like criminal law amendment ordinance were passed hastily without giving much thought to the implications of the provisions, it would create havoc. Similar was their reasoning with the other key legislations, including the land acquisition bill.

There were also differences on the Lokpal bill despite the measure going through a standing committee and a select committee with some political parties opposing and wanting it to go through some more scrutiny.

There were also differences over the Food Security Bill, the Land Acquisition, Relief and Rehabilitation Bill, the Women's Reservation Bill and the bill to provide reservation in promotion for SC/STs.

"Political parties are not a homogeneous lot. Concerns of one party may be a red rag for other parties," Nath had said.

This means that the session having 34 sittings spread over two parts could mainly deal with the financial business due to lack of consensus and the heat generated over a variety of issues.

Besides discussion on the Motion of Thanks to the President for his Address, Parliament will also take up a discussion on the Statutory Resolution seeking approval of imposition of President's rule in Jharkhand.

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