Agenda for both the groups includes the draft Electricity Bill and the draft Bill for setting up of a Petroleum Regulatory Board. The agenda, circulated by the Prime Ministers Office makes no mention of any economic assessment that the government may like to have given heightened tensions on the border between India and Pakistan.
Official sources did not discount the possible inclusion of this obvious issue on the agenda when the meeting takes place.
The items listed for discussion include presentations by the ministries of power and petroleum & natural gas to be followed by discussions.
The two councils will meet for the first time after terrorist attacks in the US on September 11. The last scheduled meeting in March this year had to be cancelled due to preoccupation of the PM with state elections.
The trade council now includes Confederation of Indian Industry president Ashok Soota. The councils have been formed to provide an opportunity for policy dialogue on important economic issues relevant to trade and industry.