Bankruptcy and Insolvency code amendments passed in RS


New Delhi, Jan 2: As both, the houses met after a three-day break on Tuesday discussion on key bills such as triple talaq, Bankruptcy and Insolvency code amendments, National Medical Commission took place. 

The Lok Sabha has referred the controversial National Medical Commission Bill, which upset Doctors to Standing Committee.

The Bankruptcy and Insolvency code amendments was passed by the upper house.

Meanwhile, crucial triple talaq bill may be introduced in Rajya Sabha on Wednesday. The bill which will criminalise the practice of instant triple talaq was passed in Lok Sabha last week.

Earlier in a day, during the discussion in the Rajya Sabha on triple talaq, the opposition demanded that it should be referred to the Select Committee.

Ahead of the proceedings, the Bharatiya Janata Party (BJP) issued a three-line whip to its Lok Sabha and Rajya Sabha MPs directing them to remain present in the Parliament on Jan 2nd and 3rd for passage of several prominent bills.

Meanwhile, the opposition parties also held a joint meet before the introduction of the Muslim women (Protection of Rights on Marriage) Bill, 2017 in the upper house of Parliament.

Parliament winter session commenced from December 15, 2017 will conclude on January 5.

Here are the updates:

Lok Sabha: 

The house adjourned for the day.

The bill on Supreme Court and High Court judges’ salary discussed.

The Finance Minister told the upper house that centre has allowed electoral bonds. The State Bank of India will be issuing these bonds. The bonds are tax-free and donor’s name will remain anonymous.

In response to this, Jaitley said this step will ensure clean money flows in the system. The donor’s bank sheet will reveal he has donated money. Only the name of the party will remain unknown.

Later, Congress MP Mallikarjun Kharge asked why the name of the donors of political parties are not revealed.

TMC’s Kalyan Banerjee said he supports the Bill as it will help Kolkata to expand its Metro rail operations.

Congress’ Adhir Ranjan Chowdhury said India has over five lakh monuments are lying unprotected.

Chandrakasi (AIADMK) warned this law should not be misused to take up large-scale construction activites.

After that the house discussed Ancient Monuments and Archaeological Sites and Remains (Amendment) Bill.

He also requests the speaker to ask the committee to give its recommendation prior to the Budget session.

Parliamentary Affairs Minister Ananth Kumar told the house that considering the demands of several members and medical faternity, the National Medical Commission Bill has been referred to the Parliamentary Standing Committee.

After lunch, the house reconvened with discussions the National Medical Commission Bill.

Dushyant Chautala demanded for a separate women’s battalion saying, “We have a woman Defence Minister now.”

Congress MP from Assam Sushmita Deb, asked the government that no genuine citizen should be left out from the NRC.

Hardeep Singh Puri, the Urban Affairs Minister said that the centre could suggest concessional fares for senior citizens.

During the Question Hour, speaker disallowed all adjournment notices.

The Negotiable Instruments (Amendment) Bill, 2017 tabled in the House.

MoS Home Affairs Hansraj Ahir told the house ” there has been a huge increase in the number of killing of terrorists. 471 terrorists were killed between 2010-2013 and  580 terrorists have been killed since 2014. This is an accomplishment of the government”.

Reacting to this, Parliamentary Affairs Minister Ananth Kumar said that the Congress is trying to politicise the issue, and that the government respects its troops.

He also blamed the government’s relations with Pakistan for the attack. While referring to National Security Advisor Ajit Doval’s meeting his Pakistani counterpart in Thailand, he asked: “Why did the government not act on information received?”

Congress leader Jyotiraditya Scindia raised the issue of the Pulwama attack and said the central government does not respect the lives of the members of the armed forces.

House reconvened with question Hour, The first question was raised on crime and criminal tracking systems and network. Hansraj Ahir, the Minister of State for Home Affairs, answers.

Rajya Sabha:

The NABARD (Amendment) Bill, 2017 discussed in the Upper House.

Following an hour-long discussion, the Bankruptcy and Insolvency code amendments passed in the upper house.

While we are supporting the Bill, I request the Finance Minister to consider our concerns, as well as certain clauses, are over-inclusive,  he added.

Congress member P. Chidambaram said initially the RBI sent 12 companies to insolvency. I don’t think it is a great to send so many companies in one go. We are sending a wrong signal.

Post lunch, the house discussed Bankruptcy and Insolvency Code amendments. The Bill has already been passed by the Lok Sabha.

Meanwhile, Congress’ Ananda Bhaskar Rapolu asked what the Ministry is going to do to prevent hacking.

Following this, CPI MP D Raja asked about wilful defaulters, saying why the government can’t reveal the names, and why it can’t treat it as a criminal offence.

In response to this, Jaitely said the banks themselves regularly releases the names of wilful defaulters.

He told that the bulk of the NPAs are of loans which were given before April 1, 2014.

Afterwards, Congress leader P. Chidambaram asked if the NPA issue is a scam. “RBI is a regulator. They audit every bank. RBI found that a certain loan is performing/non-performing. Does the Minister have data on how many loans given by banks after April 1, 2014 have become NPAs now?”

“There is no mechanism to prevent the misuse of cryptocurrencies such as Bitcoin by terror groups and other anti-national elements, he added.

On digital currencies, Jaitley said “One of the features of cryptocurrency is that there is lack of dependence on the state. It functions with a degree of anonymity. It operates within a virtual community which is created and enjoys the trust of that virtual community”.

The next question was related to policy support and lowering of tariffs for renewable energy generation, followed by a question on the regulation of cryptocurrencies. Responding to this Jaitely said cryptocurrencies are not legal tender in India.

In the question hour, The first question was on easing the compliance burden under GST. Arun Jaitley, the Finance Minister answered the question.

Later, SP leader Naresh Agrawal raised the issue of journalists killing.

House resumed with Zero Hour during which the opposition raised nationwide doctors strike against the controversial NMC bill which seeks to replace the Medical Council of India (MCI).


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