NDA Govt..Has it Fared Well so far ??

NDA Govt will complete a year in power on May 26th. It came in power with promises to implement some reforms that will make India one of the fastest growing economies.. The productivity and number of hours spent in the sessions seem to be promising from its rosy figures. But how far have they been able to keep up with their promises is still not clear from its actions so far. Hope you will get a clear look on whats been done and whats not!!

Modi

Here is a list some of the key Bills that are under consideration:

  1. The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 (Goods and Services Tax)
  2. The Insurance Laws (Amendment) Bill, 2015
  3. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015
  4. The Andhra Pradesh Reorganisation (Amendment) Bill, 2015
  5. The Motor Vehicles (Amendment) Bill, 2015
  6. The Coal Mines (Special Provisions) Bill, 2015
  7. The Mines and Minerals (Development and Regulation) Amendment Bill, 2015
  8. Citizenship (Amendment) Bill, 2015
  9. The Public Premises (Eviction of Unauthorised Occupants) Amendment Bill
  10. The Black Money Bill (Money Bill)

Each bill has to be passed in both the houses of the parliament, the Lok Sabha and Rajya Sabha. NDA with majority in Lok Sabha will have minimal troubles of getting them through. Although, in Rajya Sabha it looks a little difficult to get the bills through for approval ( having a strength of 47 out of the total 245 seats). It’s important to note that rajya sabha approval is required for bills which are not introduced as money bill(ex Black Money bill). Thats why NDA should be credited to roll out the black money bill. Black money bill although has been passed by Lok Sabha and is bound to be cleared by Rajya Sabha. Black money bill although has been passed by Lok Sabha and is bound to be cleared by Rajya Sabha. NDA has so far passed most of the bills. But GST might have to wait for a while more to be passed in the Rajya Sabha after recently being passed from the Lok Sabha. GST has recently been referred to a select committee for legislative scrutiny. The road ahead for GST and land reforms seems tough with a strength of 47 seats in the Rajya Sabha.

Overall speaking, the NDA Govt has fared well in the past year with some hurdles because of the strong opposition. But they seem to bring in the required reforms of GST which are proposed to be rolled out next year. NDA has sure shown signs of reforms from making GST a success story in Lok Sabha.The way forward is tough for the Govt but if they convert this hurdle into an opportunity, NDA will be credited for introducing the biggest reform(GST) after 1947 for the development of India as the fastest growing economy.

Next up is all you need to know about GST and the way forward for it to be rolled out next year. Do read. It will be very informative in nature.

***Heres something about what do you do when you have to vote the next time. Most of us are not aware of this *** 
Next time when you vote, visit this :http://www.prsindia.org/ …check out your constituency’s MP track record and how has he performed during the session, has he asked the right questions, has he put up some issues of his constituency..and more to read about them..Do visit.. It might make us more aware about how things are and whom should we vote the next time 🙂

Thank you.

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Published by

Akshay Baregar

A hardcore analyst who loves to read about finance, upcoming concepts, ​and their applicability. Have always wanted to become an analyst and been thinking like one from the recent past. This is my attempt to write and make the world around me aware of the financial happenings and the likely impacts/ effects on the Indian/Global Economy. My favourite topics are monetary policies, fiscal reforms, market movements, predictions, wealth management etc . Hoping for an excellent response and feedback from the readers.

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