India tax reform push stalled by parliament chaos

Prime Minister Narendra Modi’s reluctance to attend Parliament’s business advisory meetings has led to other parties, more so the Congress party in whittling down its own seniority of participation.

In a parliamentary democracy, Parliament provides elected representatives with the forum to discuss and debate issues, ask questions and answer them. “You have to ensure that the house functions”.

Lok Sabha also saw protests and sloganeering from the Congress over its demand for the resignation of the three BJP leaders. The PM’s suggestion comes at a time when the govt has lost all hopes of getting any of its important legislations, particularly, the crucial GST bill passed in the wash monsoon session.

When asked by the Opposition members on what is the new thing the government was offering them, Naidu cited the offer of intervention by Modi during discussions.

Investors perceive the delay in GST to be a major setback for the Narendra Modi government that has an overwhelming majority in the Lok Sabha but isshort of numbers in the Rajya Sabha.

A series of obstacles to the prime minister’s ambitious agenda of economic reform has increased a sense among debt-laden domestic companies suffering subdued earnings that India’s fledgling economic recovery could take longer.

Yadav’s recommendation did not discover support with Congress as Sonia Gandhi was seen saying “no” and gathering pioneer Mallikarjun Kharge proposing that the SP pioneer was giving his individual perspectives.

“I was really very sad with the manner the Congress party has behaved in the Parliament”.

UP government’s Public Works Department minister, Shivpal Yadav was also present at the muhurat and he said, “A movie on Mulayam Singh Ji’s life will give inspiration to many as well as impart life lessons”.

A senior Congress leader, who declined to be identified, said that there have been no efforts from the government side in the last two days to end the deadlock.

While in their last rounds of protest, Congress members had concentrated on Lalit Modi issue in their placards, today they targetted Madhya Pradesh Chief Minister Shivraj Singh Chauhan for “48 deaths” in Vyapam scam.

Failure to pass the GST bill will make it hard for Modi to meet a self-imposed 2016 deadline for implementing it. In a research note, DBS Bank said any holdup “will be negative for market sentiment and could further delay the recovery process”.