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

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.


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