Latest News – As the finance minister gears up to present the Union Budget for the new financial year, Business Standard scans the 2016-17 Budget speech for a status check on key announcements made by Finance Minister Arun Jaitley last year regarding financial sector reforms and assesses how much has been achieved.
Passage of the Insolvency and Bankruptcy law
Status: In May last year, Parliament passed the Insolvency and Bankruptcy law code 2016.
Code on Resolution of Financial Firms to be introduced as a Bill in the Parliament during 2016-17
Status: A draft Bill has been finalised by the finance ministry and put in the public domain for comments. The government is in the process of (Read More)