"We are only pushing this bill based on clear merit. And we are quite confident it will be passed in both the Houses," Law Minister Ravi Shankar Prasad told reporters.
Finance Minister Arun Jaitley said any Prime Minister has the right to choose his Secretary and the government was only trying to bring parity in all laws relating to regulators by doing so.
Jaitley said the country has around 10-12 regulators and all regulators have similar traditions as the rules say that after they demit office, they cannot go back to government.
"But in this law, it is written that the regulator cannot be ever re-employed in the government. To bring parity with the other laws, we have brought this amendment.
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"If the Prime Minister wants to keep as Secretary a regulator who has retired for eight years then this law should be in parity with the earlier laws. All laws in government regarding regulators must have parity. It is this parity that we have tried to bring in this law," Jaitley said.
"If they feel that they do not have a case on the issue of LOP...Then they are trying to vent out their anger here. Then who has a malafide intention, the people of the country must decide," he said.