 "Govt delays Pension Bill under Trinamool pressure")
After forcing the government to withdraw its decision on FDI in retail, West Bengal Chief Minister Mamata Banerjee has now succeeded in pressuring the government to delay the Pension Bill.
Pension Fund Regulatory and Development Authority Bill, which was to be tabled in Parliament today, was withdrawn by the government late on Tuesday night, say media reports.
BJP leaders LK Advani, Sushma Swaraj and Yashwant Sinha who met Finance Minister Pranab Mukherjee on Monday had guaranteed their support for the Bill.
In August this year, Yashwant Sinha-led Standing Committee on Finance had favoured capping foreign investment in the pension sector at 26 percent and allow such investments to flow into India through a specific provision in the Bill.
However, owing to serious reservations by Mamata-Banerjee led Trinamool Congress, which is a part of the ruling UPA coalition, on the Bill, the government has delayed its tabling in Parliament.
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