May 12, 2016 1:05 PM

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Venkaiah Naidu expresses happiness over passage of bankruptcy bill

Parliamentary Affairs Minister M Venkaiah Naidu has expressed happiness over the passage of bankruptcy bill in both the Houses of Parliament. In a tweet, Mr Naidu said, history has been created and the bill will build a fine and faster resolution mechanism. He termed it as one of the biggest economic reforms and a game changer. Mr Naidu said, it will take the country towards higher growth.<br/><br/>Speaking about India-Mauritius tax treaty, Mr Naidu said, ending of the Mauritius route is the way forward to chase down black money and get transparency in financial sector. He said, shell companies can no longer take advantage of the Double Taxation Avoidance Agreements. He said, Prime Minister Narendra Modi is the real reformer.

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