With the petrol pump allotment scandal set to dominate the Parliament proceedings over the next couple of days, the government plans to take no chances and opt for repromulgating the Non-Performing Assets (NPA) Ordinance. The Cabinet had, on June 18, announced the Ordinance to tackle the problem of mounting non-performing assets of banks and financial institutions.
Senior finance ministry officials told Business Standard though the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Bill, 2002, was introduced in the Lok Sabha last month, there had been no discussion in the House.
