Major Bills in the Budget Session of Parliament

Topic: General Studies 2

Government schemes and policies

Passage of Bill on Social Justice and Educational Reforms –

The Constitution Scheduled Tribes Order (Amendment) Bill, 2020 amends Part VI of the Order which specifies the Scheduled Tribes in Karnataka.
The Central Sanskrit Universities Bill, 2020 intends to upgrade the three Deemed to be Universities in Sanskrit, namely, Rashtriya Sanskrit Sansthan, Delhi, Sri Lal Bahadur Shastri Rashtriya Sanskrit Vidyapeeth, New Delhi and Rashtriya Sanskrit Vidyapeeth, Triputi into Central Sanskrit Universities in order to give a boost to Post Graduate, Doctoral and Post Doctoral education and Research in the field of Sanskrit and Shastraic education. It would help in getting better faculty, attract foreign students, Sanskrit scholars, foreign faculty of international repute and help in international collaborations with global Universities across the world.

Passage of Bill Economic Sector/Ease of doing Business measures –

The Mineral Laws (Amendment) Bill, 2020 intends to facilitate seamless transfer of all valid rights, approvals, clearances, licenses and the like for a period of two years to a new lessee in case of minerals other than coal, lignite and atomic minerals.
The Insolvency and Bankruptcy Code (Amendment) Bill, 2020 intends
- to give the highest priority in repayment to last mile funding to corporate debtors to prevent insolvency, in case the company goes into corporate insolvency resolution process or liquidation
- to prevent potential abuse of the Code by certain classes of financial creditors,
- to provide immunity against prosecution of the corporate debtor and action against the property of the corporate debtor and the successful resolution applicant subject to fulfilment of certain conditions
- to fill the critical gaps in the corporate insolvency framework.
The Direct Tax Vivad Se Vishwas Bill, 2020 proposes for resolution of pending tax disputes by not only generating timely revenue for government but also the tax payers who will be able to deploy time, energy and resources saved by opting for such dispute resolution towards their business activities.