Debt Recovery Bill

Together with India's new bankruptcy law, which took effect earlier this year, these changes will lead to structural improvements in how banks deal with problem assets.

The Lok Sabha on Monday passed a law empowering banks to take possession of collateral in case of loan default, except for farm land, while Finance Minister Arun Jaitley promised a compassionate view on education loans.

The tenth day of the monsoon session of parliament saw heated debate on the issue of special status for Andhra Pradesh and GST bill. Defence Minister Manohar Parrikar also informed the House that the possibility of sabotage of missing AN-32 aircraft is very limited.Today, the Lok Sabha is likely to take up Debt Recovery Bill.

The government is scheduled to move in the Lok Sabha tomorrow an amended bill to strengthen the debt recovery laws with an objective to improve the ease of doing business in the country.

Suggesting some changes to the proposed debt recovery law, a Parliamentary panel on Friday submitted its report on the bill which seeks to expedite disposal of over 70,000 pending cases involving more than Rs 5 lakh crore.

BJP's Kirit Somaiya today became a member of Parliament's Joint Committee on the Enforcement of Security Interest and Recovery of Debt Law and Miscellaneous Provisions (Amendment) Bill in place of another party member PP Chaudhary, who resigned following his appointment as a Union minister.

Cabinet on Wednesday approved a bill seeking to amend the debt recovery laws with an overall objective of improving the ease of doing business.

The bill aims to improve ease of doing business and facilitate investment leading to higher economic growth and development.

Together with India's new bankruptcy law, which took effect earlier this year, these changes will lead to structural improvements in how banks deal with problem assets.

The Lok Sabha on Monday passed a law empowering banks to take possession of collateral in case of loan default, except for farm land, while Finance Minister Arun Jaitley promised a compassionate view on education loans.

The tenth day of the monsoon session of parliament saw heated debate on the issue of special status for Andhra Pradesh and GST bill. Defence Minister Manohar Parrikar also informed the House that the possibility of sabotage of missing AN-32 aircraft is very limited.Today, the Lok Sabha is likely to take up Debt Recovery Bill.

The government is scheduled to move in the Lok Sabha tomorrow an amended bill to strengthen the debt recovery laws with an objective to improve the ease of doing business in the country.

Suggesting some changes to the proposed debt recovery law, a Parliamentary panel on Friday submitted its report on the bill which seeks to expedite disposal of over 70,000 pending cases involving more than Rs 5 lakh crore.

BJP's Kirit Somaiya today became a member of Parliament's Joint Committee on the Enforcement of Security Interest and Recovery of Debt Law and Miscellaneous Provisions (Amendment) Bill in place of another party member PP Chaudhary, who resigned following his appointment as a Union minister.

Cabinet on Wednesday approved a bill seeking to amend the debt recovery laws with an overall objective of improving the ease of doing business.

The bill aims to improve ease of doing business and facilitate investment leading to higher economic growth and development.