Centre to introduce 24 bills during Monsoon Session of Parliament
The Centre has listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill, for introduction in the Monsoon Session of Parliament that is scheduled to commence from Monday.
The Cantonment Bill proposes to achieve greater developmental objectives in alignment with municipalities across the country and also facilitate “ease of living” in cantonments, according to a bulletin issued by the Lok Sabha Secretariat.
The Multi-State Cooperative Societies (Amendment) Bill seeks to rationalise the government’s role in cooperatives and increase participation in the working of the multi-state cooperative societies, so as to increase public faith in these societies and create a conducive environment for their growth and development.
Similarly, the Insolvency and Bankruptcy Code (Amendment) Bill seeks to strengthen the Insolvency and Bankruptcy Code by introducing provisions on cross-border insolvency and certain other amendments for a time-bound resolution of stressed assets while maximising their value.
Some of the other bills listed for introduction are — the Coffee (Promotion and Development) Bill, the Development of Enterprises and Services Hubs Bill, which proposes to revise the Special Economic Zones Act, 2005 and frame rules, the Geographical Indications of Goods (Registration and Protection) (Amendment) Bill, the Warehousing (Development and Regulation) (Amendment) Bill and the Competition (Amendment) Bill.