March 25, 2021
The Key amendments aimed at enhancing the Financial landscape include the LIC Act, the Insurance Bill, the Finance Bill, and the Equalization Levy.
The healthcare amendments included provisions for making safe abortions accessible to women in need and improving the education and R&D ecosystem.
Bills were introduced to empower the Dalit communities in Tamil Nadu and improve the centre’s relations with New Delhi.
Ports, the mining sector and the insurance space are to be made more competitive, self-reliant and ready for growth.
Following the Union Budget for FY 2021-22, the parliamentary budget session which commenced on February 29 facilitated the passing of 18 bills in the Lok Sabha and Rajya Sabha combined. The session also featured the announcement of grants and financial allocations for Departments and Ministries. The key announcements of the session included the amendments to the LIC Act, the Insurance Bill, the Finance Bill, and the Equalization Levy.
The following are a few important Bills passed:
The Bills will look to enhance Ease of Doing Business in India and enable multiple sectors of the economy to reach their full growth potential.