Labour minister Santosh Gangwar said the draft bill will be placed before the Union Cabinet after which it will be introduced in Lok Sabha, possibly in the second week of the coming Parliament session.

The cabinet committee on investments will be chaired by PM Modi and will have Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Railway Minister Piyush Goyal and Transport Minister Nitin Gadkari as its members

The fact that Modi wanted Santosh Gangwar to continue in the labour and employment ministry only proves the importance the government attaches to his 'reform agenda'.

The Union Cabinet for the 17th Lok Sabha comprises 24 cabinet ministers apart from Modi, nine ministers of state with independent charge and as many as 24 ministers of state