The government is set to introduce 17 new Bills in the Monsoon Session of Parliament, which begins on July 19.
This includes changes in the Insolvency and Bankruptcy Code (IBC) — replacing the Ordinance enabling prepackaged resolution schemes for micro, small, and medium enterprises (MSMEs) and allowing corporate debtors to propose a resolution plan for the stressed company.
Besides, the Centre will also introduce the Deposit Insurance Bill, increase insurance cover to Rs 5 lakh.
However, the much-awaited cryptocurrency Bill has been delayed and is not listed in the Lok Sabha Bulletin of the session.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 (Crypto Bill), was earlier listed for the Budget Session but couldn’t be tabled as the session was truncated because of the second wave of Covid-19.
