 "Finance Minister Arun Jaitley addressing the officer trainees of the Indian Revenue Service (Customs & C Excise) of the 67th batch in New Delhi on Saturday. PTI Photo by Vijay Verma")
Finance Minister Arun Jaitley said on Thursday that a joint committee of Parliament which is examining the details of the bankruptcy and insolvency Bill is expected to submit its report by the first week of March and added that he was hopeful of getting the bill passed in the budget session itself.
"The joint committee which is examining the Bill is working overtime almost on day to day basis endeavouring to produce a report by the first week of March, which will enable us for approval and passage in the coming session," Jaitley said at the India Investment Summit in New Delhi.
The Finance Ministry is hosting the India Investment Summit to attract investment from soveriegn wealth funds and global pension funds to attract investment into various infrastructure sectors.
At the summit, Economic Affairs Secretary Shaktikanta Das said that the process of selecting the Chief Executive of the proposed Rs 40000 crore National Investment and Infrastructure Fund was well underway.
He said that more than 70 applications had been received for the post of the head of NIIF.
"NIIF is operational in essence. The two board meetings of NIIF had already been held. The process of selection of chief executive officer is on way. We have got good response from potential candidates in the open market," Das said on the sidelines of the event.
He also said that the NIIF was interested in 4-5 projects but did not divulge details.
