Millennium Post

Ordinance issue: Top officials to meet today

Racing against time to convert recent ordinances into legislations in Budget session beginning on February 23, top officials of several ministries will sit together on Friday to move forward in this direction.

Sources said that Secretaries and officials from the ministries of Home, Finance, Law, Rural Development, Steel and Mines, Agriculture, Coal and Surface Transport will be attending a meeting convened by Parliamentary Affairs Ministry tomorrow to thrash out the blueprint of the legislations and the legalities involved.

Eight ordinances that the NDA government has brought in its over seven-month rule include those on coal, mines and minerals, e-rickshaws, amendment to Citizenship Act, Land Acquisition and the one on FDI in insurance sector, which seeks to raise the FDI limit in the insurance sector from 26 per cent to 49 per cent.

The government is especially under pressure to legislate the ordinance on insurance sector and the coal sector in view of the fact that the new systems in place for attracting FDI in insurance and for auctioning of coal blocks are not disturbed.

As per the rules, an Ordinance has to be converted into legislation within 42 days of commencement of Parliament session else it lapses. An Ordinance can be repromulgated only 3 times.
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