Reforms waiting for Parliament approval

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1. The Banking Laws(Amendment) Bill.
RBI will not issue new bank licenses till the bill is passed.

2. The Insurance Laws(Amendment) Bill.
Increase in FDI limit to 49% from 26% which will help funds starved sector raise more capital.

3. Direct Taxes Code Bill.
Will put in place a simpler direct taxes regime.

4. The Constitution(115th Amendment) Bill 2011, or GST Bill.
Necessary for the roll out of the goods and services tax.

5. Companies Bill.
Much delayed recast and updation of the company law.

6. The Pension Fund Regulatory & Development Authority Bill, 2011.
It will give statutory backing to the pensions regulator & facilitate development of the sector.

7. The Prevention of Money Laundering (Amendment) Bill & The Benami Transactions (Prohibition) Bill.
Will give more teeth to regulators to curb money laundering and black money.

8. The Land Acquisition, Rehabilitation and Resettlement Bill, 2011.
Will help provide a framework for transparent acquisition of land for development.

Courtesy:The Economic Times dated 20/11/12