Key economic bills up for discussion in the winter session of parliament

The winter session of parliament has begun, with government lining up key economic bills for discussion. From Insolvency and Bankruptcy Bill to Taxation Law Ordinance, here is a list of important bills pertaining to the economy that will go up for debate during this session.

The Companies (Second Amendment) Bill, 2019

The bill seeks to amend the Companies Act, 2013 to stiffen norms around corporate social responsibility compliance, lessen the load of cases in the National Company Law Tribunal (NCLT), decriminalise some offences and facilitate the ease of doing business.

The Insolvency and Bankruptcy (Second Amendment) Bill, 2019

The bill is an amendment to the Insolvency and Bankruptcy Code, 2016 and aims at ensuring a time-bound process for settling insolvency in companies and among individuals. It was introduced in Rajya Sabha by Finance Minister Nirmala Sitharaman on July 24, 2019.

The Multi-State Cooperative Societies (Amendment) Bill, 2019

The bill amends the Multi-State Cooperative Societies Act, 2002 and aims to rationalise the role of the government in working of multi-state cooperative societies and safeguarding the interest of depositors.

The Taxation Laws (Amendment) Ordinance, 2019

Taxation laws (Amendment) Ordinance proposes a tax rate cut from 30% to 22% for the existing companies and 25% to 15% rate cut for new manufacturing companies.

The Competition (Amendment) Bill, 2019

The bill aims to bring about structural changes in the governing framework of the Competition Commission of India (CCI). It proposes to structure and expand CCI's activities by setting up regional offices across India.

Personal Data Protection Bill

The bill proposes to ensure protection and regulation of all elements of personal data and promote digital economy.