The Parliamentary Budget session will see the introduction of the pension fund regulatory development authority (PFRDA) bill and the amendment to the Banking Regulatory Act.

Prithviraj Chavan, minister of state in the PMO stated this today at the FICCI annual capital market conference in Mumbai.

Chavan said that the coming budget would address many concerns of economic reforms. "Good news in the coming budget will be pension reforms. We will table PFRDA Bill in the forthcoming session," Chavan said.

The other important bill due to be taken up for amendment was the Banking Regulation Act. The amendments would clarify the issue of consolidation through acquisitions in the banking industry.

In 2004, the finance minister had articulated the view that the buy-out of weaker private sector banks by stronger banks was desirable to make Indian banks globally competitive and capable of withstanding competition from foreign banks.

However, the government was forced to put the issue on the back burner due to pressure from its Left allies.

A consensus on the acquisition of weak banks by healthy Indian and foreign banks was needed through an amendment in the Act, Chavan said.