Govt to push major Bills in Parliament

Winter session begins today; concludes on Dec 19

- FE BUREAU

THE GOVERNMENT MAY take up about a dozen bills in the Winter session of Parliament, starting on Monday, including key economic Bills on insurance reforms and fast-tracking of the insolvency resolution process.

The government will try to pass as many bills as possible in the short session, concluding on December 19, as the opposition parties may demand a discussion on Special Intensive Revision (SIR) of electoral rolls and possibly create deadlocks in the session.

The Insurance (Amendment) Bill seeks to allow 100% foreign direct investment (FDI) in the sector. It will also push for amendments to the Insolvency and Bankruptcy Code (IBC) to bring in creditor-led and group insolvency mechanisms among several other key changes, the sources said.