Government is ready to face any situation : Sibbal

New Delhi: UPA government on Friday said that it was ready to face any situation, including a No-Confidence Motion, even as it was reaching out to political parties to ensure passage of key bills.

“The Parliament session has a very heavy legislative agenda. We are reaching out to the various political parties to carry through these agenda in the four weeks that we have for the session,” said Finance Minister P Chidambaram.

He noted that Prime Minister Manmohan Singh has met leaders of supporting parties and would be meeting UPA allies. “We sincerely hope that the forthcoming session will be a productive one and many bills will be passed,” he said.

The important economic agenda includes amendment of the Insurance Bill to raise FDI cap from 26 to 49 percent, Banking Regulation Amendment Bill and Direct Taxes Code.

To a question about Trinamool Congress, a former ally of the UPA, threatening to move No-Confidence Motion, Sibal said, “it is the right of every political party to put any motion before the House. When the motion is brought before the House, we will face it.”