Promise Constitutional Amendment Bill for the introduction of GST
Status
Stuck in Parliament
Promise: The Gold Monetisation Scheme, the Sovereign Gold Bond scheme, and introduction of
an Ashok Chakra coin, the first national gold coin.
Status
The two schemes were inaugurated and the coin unveiled in November.
Promise: Amendments to RBI Act (for the setting up of the proposed monetary policy committee), EPF and ESI Acts
Status
Not yet taken up in Parliament
Promise: A Micro Units Development Refinance Agency (MUDRA) bank
Status
Prime Minister Narendra Modi launched the bank in April 2015 with a corpus of Rs. 20,000 crore and credit guarantee of Rs. 3,000 crore.
Promise: Comprehensive bankruptcy code.
Status
The Insolvency and Bankruptcy Bill, 2015, has been referred to a joint committee of Parliament.
Promise: Comprehensive new law for dealing with black money stashed abroad
Status
Parliament has passed the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015’.
Promise: Permanent Account Number (PAN) declaration to be made compulsory for all sales and purchases of over Rs. 1 lakh to curb black money
Status
The government has made it mandatory to quote PAN for all transactions in excess of Rs.2 lakh, regardless of the mode of payment.
Promise: Proposal to corporatise ports and ultra mega power projects
Status
The plan is yet to take off.
Promise: Bills on commercial courts, arbitration
Status
The two Bills - the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015; and the Arbitration and Conciliation Act (Amendment) Bill, 2015 - were passed during the winter session of Parliament.
Promise: Introduction of three insurance schemes
Status
All three schemes were launched in May 2015. The Pradhan Mantri Suraksha Bima Yojna, which will cover accidental death risk of Rs. 2 lakh for a premium of Rs. 12 per year; the Atal Pension Yojana, a contributory pension scheme; and the Pradhan Mantri Jeevan Jyoti Bima Yojana, to provide both natural and accidental death cover of Rs. 2 lakh with a premium of Rs. 330 per year, for the age group 18-50.