Crucial Insurance, Companies Bills to Come up in Parliament

Crucial pro-reform bills like the Insurance Laws (Amendment)Bill, 2008 and Companies(Amendment) Bill, 2014 will be taken up this week for consideration and passing in both the Houses of Parliament.

Published: 14th December 2014 05:31 PM  |   Last Updated: 14th December 2014 05:31 PM   |  A+A-

By PTI

NEW DELHI: Crucial pro-reform bills like the Insurance Laws (Amendment)Bill, 2008 and Companies(Amendment) Bill, 2014 will be taken up this week for consideration and passing in both the Houses of Parliament.

With the Lok Sabha already having passed 13 Bills and the Rajya Sabha clearing nine, the ongoing winter session of Parliament is set for good performance in transaction of legislative business.

While the Lok Sabha has already passed 13 Bills in the first three weeks of the session ending on December 12, 2014, the Rajya Sabha has cleared nine of them, according to a senior Parliamentary Affairs Ministry official.

However, the Rajya Sabha is still to take up four Bills passed by the Lower House - The Appropriation Bill, 2014, Payments and Settlement Systems (Amendment) Bill, 2014, the Repealing and Amending (Second) Bill, 2014 and the Coal Mines (Special Provisions) Bill, 2014.

The legislative business transacted during the 15 sittings of the current winter session so far and the Bills likely to be taken up during the remainder of the session of 7 sittings will surpass by a wide margin, the 12 Bills passed during the Budget session this year.

While the Insurance Bill seeks to enhance FDI limit in the capital starved insurance sector, the Companies Bill aims at enhancing the ease of doing business.

The Lok Pal and Lok Ayuktas (Amendment) Bill, 2014 is also proposed to be taken in both Houses.

In addition, the Bills proposed by the government for consideration and passing in the Lok Sabha during the rest of the session include the Regional Rural Banks (Amendment) Bill, 2014, the National Capital Territory of Delhi Laws (Special Provisions) Amendment Bill, 2014, the Public Premises (Eviction of Unauthorised Occupants) Bill, 2014, the Anti-Hijacking (Amendment) Bill, 2010  and the Warehousing Corporation (Amendment) Bill, 2014.

In addition to the four Bills to be discussed in the Rajya Sabha as passed by the Lower House, the Business Advisory Committee of Rajya Sabha has also allocated time for consideration of The Anti-Hijacking (Amendment) Bill, 2010 and The Public Premises Bill, 2014.

Time has also been allocated for taking up two motions in the Rajya Sabha relating to annulment and modification of the central government's notification of December 2, 2014 seeking to increase the Basic Excise Duty on petrol and diesel.

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