Rajya Sabha

Budget Session Concludes; Was Productive

Productivity of Lok Sabha during this Session has been 117.58% and that of Rajya Sabha at 86.68%. Ten Bills were passed in Lok Sabha and 12 in Rajya Sabha. 44 Bills are pending in Rajya Sabha for consideration and passing while it is 11 in case of Lok Sabha

Rajya Sabha Passes ‘Insolvency and Bankruptcy Code, 2016’ Bill

Big Boost to Ease of Doing Business- Passing of Bankruptcy Code; Code is a comprehensive and systemic reform, which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to becoming one of the world’s best insolvency regimes; Vision of the new law is to encourage entrepreneurship and innovation.