P Chidambaram seeks BJP help for key reforms legislations
- Lok Sabha polls: Ram Vilas Paswan returns to NDA as BJP-LJP agree on seat-sharing
- UP Police raids Sahara chief Subrata Roy's residence, fails to arrest him
- BJP, AAP and NCP release candidates list for general elections
- TRS MP Vijayashanthi joins Congress day after party rules out merger
- Rahul Gandhi slams Salman Khurshid over 'impotent' remark against Narendra Modi
The clause, which is being objected to by the Opposition, seeks to allows banks to participate in commodity futures trading.
Of the other key reforms legislations, the Insurance Bill seeks to raise the FDI cap in the sector to 49 per cent, from the existing 26 per cent.
"I told them (Opposition) let me pass the Banking Bill and I would come back to you over the weekend and discuss the Insurance Bill," he said.
Besides, the Pension Bill also proposes to allow FDI in the sector to the extent it is proposed in Insurance Bill, which is 49 per cent.
As for the MFI Bill, it seeks to empower the Reserve Bank of India to regulate the micro-finance industry and fix interest rates ceiling on loans to be provided by lenders.