Finance Minister to move tribunals reforms Bill in Lok Sabha today
Finance Minister to move tribunals reforms Bill in Lok Sabha today
Share:

Union finance minister Nirmala Sitharaman will move the Tribunals Reforms Bill, 2021 in the Lok Sabha on Monday, August 2.  Finance Minister will also move the General Insurance Business (Nationalisation) Amendment Bill, 2021, which was introduced in the Lok Sabha on Friday, seeking to amend the General Insurance Business (Nationalisation) Act, 1972.

The Tribunals Reforms Bill seeks to abolish tribunals or authorities under various laws by amending various statutes to streamline the justice delivery system. These include the Cinematograph Act, the Copyright Act, the Customs Act, the Patents Act, the Airport Authority of India Act, the Trade Marks Act and the Geographical Indications of Goods (Registration and Protection) Act. The Bill was earlier introduced in the Budget Session by the minister of state for finance Anurag Thakur. However, since the Bill was not passed in the House, an ordinance was issued.

The government said it believes many tribunals only add to another additional layer of litigation. In 2017, seven tribunals were abolished or merged based on functional similarity.

 

GST collection reaches second-highest this fiscal, Rs 1.16 lakh-crore in July

India to see GDP growth of over 7 pc this decade due to economic reforms: Economic Adviser

Indian Oil Corp posts 3-fold jump in Q1 net in Q1 profit on refining margins

 

Join NewsTrack Whatsapp group
Related News