Finance Minister Arun Jaitley moved the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016 in the Rajya Sabha today. The Bill aims at amending the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Indian Stamp Act, 1899, and the Depositories Act, 1996. The Lok Sabha had already passed the bill. Initiating the discussion, Subbarami Reddy of the Congress called for capital infusion of the banking sector so that banks continue to remain self-sufficient.
News On AIR | August 9, 2016 6:28 PM
FM moves Debt recovery Bill in Rajya Sabha today