Parliament LIVE Updates: Ruckus in Lok Sabha over Insolvency and Bankruptcy Code Bill; amendments seek to remove bottlenecks, streamline processes - LiveNow24x7: Latest News, breaking news, 24/7 news,live news

 LiveNow24x7: Latest News, breaking news, 24/7 news,live news

खबरें जो सच बोले

Breaking

Thursday, 12 December 2019

Parliament LIVE Updates: Ruckus in Lok Sabha over Insolvency and Bankruptcy Code Bill; amendments seek to remove bottlenecks, streamline processes

13:06 (IST)

Lok Sabha Latest Updates

 

There is no power crisis in the country: Lok Sabha told

Union power minister RK Singh says India has installed power generation capacity of around 365 GW, double the peak demand. "States meet their demand from their own generating sources and share from central generating stations. The maximum peak demand experienced during the current year was around 183 Giga Watt (GW) whereas the installed generation capacity in the country is around 365 GW which is double our peak demand,” he said during Question Hour.

Apart from long-term power purchase agreements, states have the option to purchase power at any time from power exchanges and meet the electricity requirements fully, the minister said. There is more than sufficient power available and states and distribution companies can draw as much power as they need, he said.

13:01 (IST)

Lok Sabha Latest Updates

 

Ruckus in House over Insolvency and Bankruptcy Code Second Amendment Bill

Finance minister Nirmala Sitharaman speaks on The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019. A few members oppose the bill. As MPs raise their objections against the amendment, Sitharaman says there is an amendment which will bring clarity, since there is a doubt about the bill.

Sitharaman introduces the bill to amend insolvency law. The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday. The amendments in the law seek to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring fenced from any risk of criminal proceedings for offences committed by previous promoters of companies concerned.

The Insolvency and Bankruptcy Code, which came into force in 2016, has already been amended thrice. The latest changes pertain to various sections as well as introduction of a new section.

12:22 (IST)

Lok Sabha Latest Updates

Insolvency and Bankruptcy Code amendment bill introduced in Lok Sabha

 

Finance Minister Nirmala Sitharaman introduces The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019.

12:20 (IST)

Rajya Sabha Latest Updates

Naidu seeks report on issue of pornography on social media

 

Venkaiah Naidu tells Rajya Sabha that on 5 December he had constituted an informal group to study the issue of pornography on social media and its effect on children and society as a whole. He asks for a report to be submitted one month from today. Question Hour begins. DMK's Tiruchi Siva presides the Chair.

12:19 (IST)

Lok Sabha Latest Updates

DDA plans to use drone technology for unauthorised colonies in Delhi: House told

 

Hardeep Singh, minister of state, Housing and Urban Affairs replies to questions on unauthorised colonies and mentions that the process is well underway. "DDA plans to use drone technology to prepare for the 'Master plan 2041'. On encroachment on public land, now it is possible for any citizen of Delhi to upload a picture of the encroachment on the app, and DDA will clear the issue."

12:09 (IST)

Lok Sabha Latest Updates

Centre will bring a move to transplant trees instead of cutting them: Gadkari

 

Gajendra Singh Shekhawat Jal Shakti Minister says that the ministry will work on increasing groundwater levels and National rural drinking water programme. BJP's Shankar Lalwani takes up pending national highway projects.

Nitin Gadkari, Minister of Road Transport and Highways tells the steps taken to save trees while building highways. He says the government will bring a move to transplant trees instead of cutting them.

12:06 (IST)

Rajya Sabha Latest Updates

SC/ST undertrial inmates make up 34% of prisons: Congress tells House

 

Nominated member Narendra Jadhav speaks about food testing and food borne hazards in Rajya Sabha. He requested Ministry of Health and Welfare to put up a mechanism to monitor.

Congress' PL Puniya addresses the House about SC/ST undertrials who are languishing in prison, and that they make up more than 34 percent of the prisoners. He says cases are being filed on them after manipulation.

11:53 (IST)

Rajya Sabha Latest Updates

Suspension of Business Notice in Rajya Sabha over protests in Assam

 

AAP MP Sanjay Singh today gave a 'Suspension of Business Notice' in Rajya Sabha under rule 267, on 'protest in Assam, Tripura and the northeastern region over the Citizenship Amendment Bill'. Congress MPs Manicka Tagore and Abdul Khaleque have also given an Adjournment Motion Notice in Lok Sabha, over 'highly volatile situation in northeast India'. 

11:48 (IST)

Lok Sabha Latest Updates

Question Hour underway in Lok Sabha

Lok Sabha assembles and begins Question Hour. Speaker Om Birla is in the Chair. Members speak on compensation for farmers, dams and reservoirs near National parks, irrigated area under CADWM programme.

11:48 (IST)

Rajya Sabha Latest Updates

Upper House session begins


Rajya Sabha convenes. Reports of the department related to Parliamentary Standing Committee on agriculture, chemicals and fertilizers, External Affairs, Ministry of Railways, Social Justice and empowerment. MoS communications, Dhotre Sanjay Shamrao gives a statement. Later, matters are raised with the permission of the Chair.

M Venkaiah Naidu is in the Chair. Papers are being laid on the table. 

10:41 (IST)

Lok Sabha Latest Updates
 

Congress MPs give adjournment notice over situation in the North East


Congress MPs Adhir Ranjan Chaudhry, K Suresh and Gaurav Gogoi have given an Adjournment Motion Notice in Lok Sabha, over 'unrest in north eastern states and law and order situation'.​

Guwahati was placed under indefinite curfew while Army was called in at four places and Assam Rifles personnel were deployed in Tripura as the two northeastern states plunged into chaos over the hugely emotive Citizenship (Amendment) Bill.

Army PRO Lt Col P Khongsai said two Army columns have been deployed in Guwahati city and are carrying out flag marches. Army has also been deployed in Tinsukia, Dibrugarh and Jorhat districts, officials said. Curfew was also imposed late in the night in Dibrugarh for an indefinite period as protesters targeted the houses of Assam Chief Minister Sarbananda Sonowal and Union minister Rameswar Teli in the district.

10:35 (IST)

Rajya Sabha Latest Updates
 

Congress MPs gives suspension of business notice over situation in Assam


Congress MP Ripun Bora has given a Suspension of Business Notice in Rajya Sabha under Rule 267 over the 'current situation of Assam and northeast region'.

Trinamool Congress MP Derek O'Brien has given a Zero Hour Notice in Rajya Sabha, over the 'Information and Broadcasting advisories to television channels'.

10:29 (IST)

Lok Sabha Latest Updates
 

Insolvency and Bankruptcy Code Bill to be tabled in Lok Sabha


Finance Minister Nirmala Sitharaman will introduce the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019.

The proposed bill to make amendments in the Insolvency and Bankruptcy Code, 2016 (code) to remove certain difficulties being faced during the insolvency resolution process.

Parliament LATEST Updates: Finance minister Nirmala Sitharaman speaks on The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 in Lok Sabha. A few members oppose the bill. As MPs raise their objections against the amendment, Sitharaman says there is an amendment which will bring clarity, since there is a doubt about the bill. Sitharaman introduces the bill to amend insolvency law. The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday. The amendments in the law seek to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring fenced from any risk of criminal proceedings for offences committed by previous promoters of companies concerned.

Finance Minister Nirmala Sitharaman introduces The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019. Meanwhile, Hardeep Singh, minister of state, Housing and Urban Affairs replies to questions on unauthorised colonies and mentions that the process is well underway. "DDA plans to use drone technology to prepare for the 'Master plan 2041'. On encroachment on public land, now it is possible for any citizen of Delhi to upload a picture of the encroachment on the app, and DDA will clear the issue."

AAP MP Sanjay Singh today gave a 'Suspension of Business Notice' in Rajya Sabha under rule 267, on 'protest in Assam, Tripura and the northeastern region over the Citizenship Amendment Bill'. Congress MPs Manicka Tagore and Abdul Khaleque have also given an Adjournment Motion Notice in Lok Sabha, over 'highly volatile situation in northeast India'.

Indian Union Muslim League MPs will file a writ petition in the Supreme court after the passage of the Citizenship Amendment Bill by the Parliament on Wednesday. Senior Congress leader Kapil Sibal will argue on their behalf, seeking that the Bill be declared illegal and void.

Union Finance Minister Nirmala Sitharaman will introduce the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 in the Lok Sabha on Thursday. The Bill looks to amend the Insolvency and Bankruptcy Code, 2016 with the aim to remove certain difficulties being faced during the insolvency resolution process.

The Central Sanskrit Universities Bill, 2019 will be moved by Union minister Ramesh Pokhriyal Nishank. The Bill will establish and incorporate universities for teaching and research in Sanskrit to develop all-inclusive Sanskrit promotional activities.

External Affairs Minister S Jaishankar will move the Anti-Maritime Piracy Bill, 2019. This will make special provisions for repression of piracy on high seas and to provide for punishment for the offence of piracy.

Meanwhile, three Bills will be introduced in the Rajya Sabha - the Appropriation (No 3) Bill, the Constitution (Scheduled Tribes) Order (Second Amendment) Bill and the Constitution (One Hundred and Twenty-sixth Amendment) Bill. Additionally, a motion will be tabled seeking the inclusion of 10 Rajya Sabha members in the Joint Committee of the Houses on the Personal Data Protection Bill, 2019.

The Rajya Sabha had cleared the contentious Citizenship (Amendment) Bill on Wednesday with 125 votes in its favour. The Bill was passed by the Lok Sabha on Monday with 311 votes in its favour. While the Opposition posed a stiff resistance to the Bill in the Upper House, Shiv Sena walked out before voting. The House also rejected several amendments moved by opposition members to the bill, most by voice vote. The Bill will now go to the President for his assent.

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to introduce the Aircraft (Amendment) Bill, 2019 for carrying out the amendments to the Aircraft Act, 1934 (XXII of 1934). The Bill will enable the three regulatory bodies in the Civil Aviation sector in India, namely Directorate General of Civil Aviation, Bureau of Civil Aviation Security and Aircraft Accident Investigation Bureau to become more effective, which will lead to enhancement in the level of safety and security of aircraft operations in the country.



December 12, 2019 at 01:02PM

No comments:

Post a comment

Sports

Pages