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'BJP obliged to support key reforms bills'

Finance Minister P Chidambaram expresses confidence over pursuing the reforms agenda, saying BJP is "obliged" to support certain key financial sector legislations.

india Updated: Jul 20, 2008 12:46 IST

Finance Minister P Chidambaram has expressed confidence over pursuing the reforms agenda, saying BJP is "obliged" to support certain key financial sector legislations.

"I think they are obliged to support because a BJP member is the Chairman of the standing committee (on finance). I think the BJP is obliged to support bills which it had supported in the standing committee," he told PTI.

The standing committee on finance is at present headed by BJP member Ananth Kumar.

The key pending bills which the UPA government could not pursue during the first four years because of the objections from the Left parties include Banking Regulation Amendment Bill, PFRDA Bill, Insurance Laws Amendment Bill.

Pointing out that the Left had objections to certain bills which are still pending in Parliament, Chidambaram said, "the Left will continue to object to those bills. It is possible that they may even vote against some clauses of those bills. So we need to know who else will support those bills."

Though the government had not drawn an agenda at this stage, he said, "But this is my sincere hope that we can draw up an agenda. That agenda will include some of the pending bills and some of those bills will be passed in the remainder of the term of this government."

Chidambaram said he would make every effort to find support for the remaining agenda, which include three important bills of the Finance Ministry and certain other legislations.

The Finance Minister further said the Left parties which had supported the Government in the last four years, had opposed critical pieces of legislations and have withdrawn support.