Monsoon session: Bank, bankruptcy reforms, Nabard Bill amendment on agenda

The 3 items in the Session are crucial; session is scheduled to begin on July 12

The Narendra Modi government is set to take up three finance ministry-related legislative matters in the coming monsoon session of Parliament.

These are the Banking Regulation Act amendment specified in the ordinance to deal with non-performing assets, a bankruptcy Bill for financial firms, and passage of a new National Bank for Agriculture and Rural Development (Amendment) Bill.

Officials told Business Standard that while the ministry’s load was relatively lighter compared to the Budget session, when the goods and services tax Bills were passed apart from the Finance Bill, the three legislation slated for the monsoon session were also crucial. It