The Insolvency and Bankruptcy Code (Second Amendment) Bill was passed in the Lok Sabha on Tuesday. The Opposition had attacked the government for trying to benefit a particular corporate by seeking to amend the insolvency and bankruptcy code. However, the government said the amendments to the Insolvency and Bankruptcy Code (IBC) is intended to provide relief to homebuyers and the MSME sector.
The Rajya Sabha was adjourned following an uproar and sloganeering over the final draft Assam National Register of Citizens (NRC), a day after it was released. Rajya Sabha Chairman M Venkaiah Naidu, who has maintained that Assam NRC issue had a historical background as it was rooted in the Assam Accord, adjourned the Upper House till 11 am Wednesday as the ruckus continued. The Opposition leaders gathered in the Well as they protested, not allowing BJP chief Amit Shah to complete his statement on the matter.
On Monday, the Rajya Sabha witnessed multiple adjournments as Opposition parties created an uproar over the draft of Assam National Register of Citizens (NRC). The names of around 40 lakh people were missing from the ‘complete draft’ of NRC. The TMC, Congress, CPI(M) and SP criticised the Centre over the publication of the list, saying it puts “human rights and democratic rights” of people at stake.
Meanwhile, the Lok Sabha passed a Bill that allows death penalty for those convicted of raping girls below the age of 12 years. The Bill replaces the Criminal Law (Amendment) Ordinance promulgated on April 21.
Parliament Monsoon Session
Insolvency and Bankruptcy Code Bill passed
The Insolvency and Bankruptcy Code (Second Amendment) Bill was passed in the Lok Sabha on Tuesday. The Opposition had attacked the government for trying to benefit a particular corporate by seeking to amend the insolvency and bankruptcy code. However, the government said the amendments to the
Insolvency and Bankruptcy Code (IBC) is intended to provide relief to homebuyers and the MSME sector.
We will fully implement SC's judgement on NRC: Amit Shah
Citizen security is our priority: Amit Shah
Citizen security is our priority and NRC is for the security of the nation, I am very clear about this, all other parties should also state a clear stand
Don't Assamese have human rights, asks BJP chief
"People talk about human rights. But don't Assamese have human rights? When their jobs and opportunities are stolen by illegal immigrants don't they have human rights. This is not vote bank politics, this is a top priority issue and all party should clear its stand on this issue," says Amit Shah
No Indian citizen will excluded from NRC: Amit Shah
At a press conference after a ruckus in Rajya Sabha, BJP chief Amit Shah continued to speak on the draft NRC list. He said, "only after proper investigation will the names be excluded. No Indian citizen will be excluded from the NRC list. This is not the final list, this just a draft. We'll take criticism, objections and then finally decide."
After Rajya Sabha was adjourned for the day, Chairman M Venkaiah Naidu called Leader of Opposition Ghulam Nabi Azad to his chamber and 'conveyed his unhappiness over the way a good discussion on NRC in Assam was derailed towards the end.' (File pics) pic.twitter.com/wawR60AAwc— ANI (@ANI) July 31, 2018
Amendment aimed at providing relief to hombuyers
In a relief to the homebuyers, who earlier did not have any say in the resolution process of real estate companies, the Bill provides that “any amount raised from an allottee under a real estate project shall be deemed to be an amount having the commercial effect of a borrowing.” This means that homebuyers will be treated at par with the financial creditors for companies undergoing resolution under the bankruptcy law.
The Bill replaced the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, which was approved by President Ram Nath Kovind last month. A total of Rs 4 lakh crore worth of stressed assets are currently undergoing resolution under the IBC.
The government had on Monday moved amendments to the bankruptcy law that empower homebuyers to be recognised as financial creditors, lower the minimum voting threshold for Committee of Creditors (CoC) to approve a resolution plan and provide a special dispensation for promoters of micro, small and medium enterprises (MSMEs) to bid for their own companies.
Insolvency and Bankruptcy Code (Second Amendment) Bill
Union Finance Minister Piyush Goyal presents the Insolvency and Bankruptcy Code (Second Amendment) Bill in the Lok Sabha
Amit Shah to hold press conference
BJP chief Amit Shah will hold a press conference at the BJP headquarters in Delhi at 4 pm today.
Amit Shah says BJP showed courage to implement Assam NRC
Drawing parallels between the 1985 Assam Accord signed by former prime minister Rajiv Gandhi and the National Register of Citizens (NRC), BJP President Amit Shah alleged the Congress party did not have the courage to implement it, unlike the BJP. “Rajiv Gandhi signed Assam accord in 1985, which was similar to NRC. They did not have the courage to implement it, we did,” Shah said during a debate on the Assam NRC in Rajya Sabha.
Lok Sabha adjourned till 2.20 pm
The proceedings of the Lok Sabha will resume at 2.20 pm
Who are you trying to protect, asks Amit Shah as Opposition protests against NRC
BJP chief Amit Shah speaks on the issue of Assam National Register of Citizens (NRC)
Sloganeering in Upper House
Uproar over the NRC continues in the Upper House. Chairman Venkaiah Naidu asks MPs to let the debate take place as sloganeering begins in the Rajya Sabha.
Swapan Dasgupta supports Assam NRC
Swapan Dasgupta says there is no question of deportation but let there be a rigorous and fair scrutiny. Let us not be in denial that there is a real problem in the Assam.
We demand NRC for West Bengal: Dilip Ghosh
We demand NRC in Bengal as infiltration is rampant here. Over 1 crore illegal migrants are present & adding to the pressure on our economy. They enter political sphere as well. If BJP comes to power in Bengal, we will hold NRC to eliminate unwanted: Dilip Ghosh, BJP, on #AssamNRC pic.twitter.com/NAD2vtU2Pi— ANI (@ANI) July 31, 2018
Citizenships of 40 lakhs minorities have been almost seized in NRC draft in BJP-ruled Assam. If ppl living for a long time in Assam haven't been able to provide proof about their citizenship, it doesn't mean they should be thrown out of the country: BSP chief Mayawati. #NRCAssam pic.twitter.com/RNekdiZZIp— ANI (@ANI) July 31, 2018
'Restore the citizenship rights of Indians among those who have been left out and give the refugees residential status,' said V Vijaysai Reddy of YSRCP, Andhra Pradesh
NRC should not be politicised and used as vote bank: Ghulam Nabi Azad
Thankful to Congress for letting me expose opposition's hollowness: PM Modi on no-confidence motion
Prime Minister Narendra Modi took a jibe at the Congress over the no-confidence motion in the Lok Sabha against his government, saying he was "thankful" to the party as it allowed him to expose the opposition's hollowness, PTI reported. In the first BJP parliamentary party meeting in the ongoing Monsoon Session, Modi said the motion brought by the opposition underscored its political immaturity and lack of understanding and substance, Parliamentary Affairs Minister Ananth Kumar told reporters.
Government seeks Parliament approval for gross additional expenditure of Rs 11,697.92 crore
Rajya Sabha resumes
The discussion on NRC continued in the Upper House after it reconvened. Congress MP Ghulam Nabi Azad said that onus of identity proof should not fall only on individuals but also on the government. He further said that individuals should not be harassed because of this list. He reasoned that everyone is not literate enough to understand the rules properly.
Radha Mohan Singh on farm loan waiver
Union Minister of Agriculture and Farmers Welfare Radha Mohan Singh spoke on the issue of farm loan waiver in the Lok Sabha. He said that the goverment its best to support Andhra Pradesh and there has been no neglect
Home Minister Rajnath Singh to answer questions on NRC in Rajya Sabha
Rajya Sabha Chairman M Venkaiah Naidu maintained that Assam NRC issue had a historical background as it was rooted in the Assam Accord. He has asked Home Minister Rajnath Singh to come to the House today. Singh had, on being asked by the Rajya Sabha chairman, had joined the Upper House on Monday as well but was unable to make a statement.
The home minister, he said, has agreed to do so once he finishes replying to questions in the Lok Sabha. Leader of the Opposition and senior Congress leader Ghulam Nabi Azad asked if members would be given an opportunity to seek clarification after the home minister makes his statement. Naidu replied in the affirmative.
Amid the uproar, Rajya Sabha Chairman M Venkaiah Naidu told members that Home Minister Rajnath Singh will come to the House after attending to his duties in the Lok Sabha and reply to the "sensitive and serious matter".
No demand for NRC in Tripura: Biplab Deb
There is no demand for NRC in Tripura. Everything is systematised in Tripura. I think this is not a big issue even for Assam, Sarbananda Sonowal ji is capable of managing it. Some people are trying to create panic and distrub the environment: Tripura CM Biplab Deb on #NRCAssam pic.twitter.com/g7PIg8RwEs— ANI (@ANI) July 31, 2018
Bills to be presented in the Lower House
- The National Sports University Bill, 2018.
- Insolvency and Bankruptcy Code, 2016.
Bills likely to be tabled in Rajya Sabha
- The DNA Technology (Use and Application) Regulation Bill, 2018.
- The National Council for Teacher Education (Amendment) Bill, 2018.
- The Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2018.
- The Right of Children to Free and Compulsory Education (Amendment) Bill, 2018.
Kiren Rijiju on India's approach to refugees
Minister of State for Home Kiren Rijiju responded to Sugata Bose and said, "This is an unfortunate statement by him (TMC's Sugata Bose). India is probably only country which has adopted such a soft approach to refugees. We also told Myanmar that we are ready to assist them in providing facilities to Rohingyas when they return."
Rajya Sabha adjourned till 12 pm
The Upper House was adjourned till 12 pm following a ruckus over the NRC draft released on Monday.
Amid Assam NRC storm, Mamata Banerjee to meet Rajnath Singh today
A day after assailing the Centre over the final draft of Assam’s National Register of Citizens, which excluded 40 lakh people, West Bengal Chief Minister Mamata Banerjee on Tuesday is slated to meet Union Home Minister Rajnath Singh on the issue. On a three-day visit to Delhi, the TMC supremo also has engagements with Yashwant Sinha and BJP MP Shatrughan Sinha, two fierce critics of the government, at advocate Ram Jethmalani’s residence.
'Operation insaniyat' for Rohingyas in Bangladesh
'External Affairs Ministry is conducting 'operation insaniyat' for Rohingyas in Bangladesh. There are 40,000 Rohingyas in India, will we show insaniyat for only those who are in Bangladesh,' TMC leader Sugata Bose said Lok Sabha.
TDP persists in demanding special status for Andhra Pradesh