May 21, 2026

amendments

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Parliament passes insolvency law amendments to speed up resolutions; Sitharaman says aim is revival, not liquidation

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Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (IBC) aimed at expediting resolution of stressed companies and reducing case backlogs, with Finance Minister Nirmala Sitharaman underlining that the objective is to revive firms rather than liquidate them, according to PTI.The Rajya Sabha cleared the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 by…

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IBC amendments to speed up resolutions, boost stakeholder value, says Finance Minister | India News

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NEW DELHI: Finance minister Nirmala Sitharaman said amendments to the Insolvency & Bankruptcy Code (IBC) will help maximise value for stakeholders as the Lok Sabha passed the bill on Monday.She said the 12th Amendment seeks to strengthen the existing insolvency framework, as well as address practical challenges, and incorporate evolving global best practices. She added…

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Electricity Bill consultation: Power minister discusses draft amendments with MPs; stakeholder feedback underway

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Power Minister Manohar Lal has held consultations with a panel of Members of Parliament on the proposed Electricity (Amendment) Bill, 2025, as the government seeks feedback on changes aimed at strengthening India’s power sector framework, PTI reported.MPs from various political parties in both the Lok Sabha and Rajya Sabha participated in the meeting of the…

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Cyber security rules: DoT withdraws duplicate notification; original telecom security amendments stay in force

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The Department of Telecommunications (DoT) on Thursday withdrew a duplicate Gazette notification issued last month, clarifying that the amended Telecommunication Cyber Security (TCS) Rules, 2025 – notified on October 22 – remain fully in force.The clarification came after the same TCS amendment notification was inadvertently republished on October 29 in place of a different rule…

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IBC reform: ICAI submits inputs on proposed amendments; suggestions made to Parliament panel examining insolvency bill

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The Institute of Chartered Accountants of India (ICAI) on Thursday presented its suggestions to a Parliamentary panel reviewing proposed changes to the Insolvency and Bankruptcy Code (IBC), aimed at strengthening and streamlining the insolvency resolution framework.The Select Committee of Parliament, headed by BJP MP Baijayant Panda, is examining the Insolvency and Bankruptcy Code (Amendment) Bill,…

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Government notifies major amendments to PLI scheme for textiles

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NEW DELHI: The textile ministry on Thursday announced significant amendments to the Production Linked Incentive Scheme for textile products with an aim to address challenges faced by the industry and encourage fresh investments. The amendments to the scheme for man-made fibre (MMF) apparel, fabrics and technical textile products include expansion of products eligible to receive…

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