inance Minister set to table ‘Bankruptcy bill’ Today

Immediately after the Goods and Service Tax bill, the central government will introduce the Bankruptcy bill in the Parliament today. The secretary of Economic Affairs Shaktikanta Das announced the information last day through the micro-blogging website, Twitter. While the winter session is marching toward its end, the center government is reportedly trying to clear all pending bills.  Meanwhile, the NDA-led government had last day faced a major failure in the most-anticipated GST Bill. It is considered as the major reformation bill, and the center badly needs the clearing of pending bills at this movement. Providing a solution to the delay in bankruptcy cases, the new law will strengthen the recovery procedure; and it is expected to pronounce a recovery time-limit. The congress is strongly disrupting the winter session of the parliament over the National Herald issue, which put the congress leaders in a defence-less mode. Media reports say that the recent all-party conference had reached an agreement regarding the major bills. It added that the congress had agreed to support some bills. Report revealed that the grand-old-party had expressed their disagreement in the GST bill.  Meanwhile, the BJP leaders alleged that the opposition was unnecessary lagging the parliament proceedings and they were scorning the parliament rules. However, as the winter session is about to end day-after-tomorrow, Preponderance of the bills are still on the parliament shelf.

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