The Centre hopes that a divided opposition and its ally Trinamool Congress coming on board will help it in passing the Pension Fund Regulatory and Development Authority Bill, 2011.
But, it seems that the road ahead is winding.
The Congress believes the BJP will not go against the bill that was the NDA government's brainchild and one it helped to introduce in the Lok Sabha last March.
The bill was slated for passing in the Lok Sabha on Tuesday, but couldn't be taken up due to paucity of time.
The discussion on the bill is to take place after BJP's pet issue, adjournment motion on black money, is taken up on Wednesday.
But the principal opposition party is rooting for two changes that were mooted by the parliamentary standing committee headed by Yashwant Sinha.
They include assuring a minimum guarantee on returns and mentioning the foreign direct investment cap in the main bill itself and not in the rules.Though the CPI(M) officially moved three amendments in the bill, yet it will oppose the bill and press for a division.
"We are against the bill. We will ask for division," Basudeb Acharia, CPM leader in Lok Sabha, told HT.
Acharia and leader of opposition Sushma Swaraj held discussions on the issue.
The CPI(M) is pulling out all stops to halt the bill, even reaching out to archrival Trinamool Congress.
"I spoke to two of (Trinamool chief) Mamata Banerjee's trusted party managers. I requested her to take a pro-workers role on this issue. They told me that she would consider my request," CPI(M) Rajya Sabha MP Mainul Hassan said.
Banerjee hasn't revealed her cards on the issue yet, which will worry the Centre more than the Left.
"We are told that this bill will benefit common employees. But if the employees are not convinced about this bill, Trinamool Congress will have to think before lending support to the government," Trinamool leader Sudip Bandopadhyay said.
The UPA government is pushing the pension bill as one of its key reform agendas.