Anti People Bills Passed Surreptitiously by the Parliament By Thomas Franco https://www.cenfa.org/uncategorized/anti-people-bills-passed-surreptitiously-by-the-parliament/ | September 15, 2021
All these 19 Acts, passed in the monsoon 2021 session, except a few, need to be repealed. The Congress and opposition parties should give an oath that they will be repealed, and they also have to be tested in the Supreme Court.
The IBC bill was passed in 5 minutes, Tribunals reform Bill in 9 minutes, Taxation amendment bill in just 6 minutes! 13 bills were not referred to any Parliament Committee, says PRS. When the Labour Code was referred to the standing committee, 233 amendments were proposed and 172 accepted. Accountability through Parliament is gone; transparency is gone; governance is gone.
The General Insurance Business Act 2021 paves way for the government to privatise all four general insurance companies
the taxation law amendment. The government has decided to withdraw its own tax laws, which allow taxing NRIs and foreign companies to pay tax on the profit earned in India.
The Factoring Amendment Act paves the way for Non Banking Financial Companies to squeeze MSMEs with high interest and no accountability by allowing easy entry into factoring for the NBFCs and also removing compulsory registration of factored bills with in 30 days
The Insolvency and Bankruptcy Code Amendment Act provides for pre-packaged insolvency arrangement which will help defaulters to get hair cuts (write off) and banks will write off more loans without accountability.
The Essential Defence Services Act has provided powers to the Govt to ban strikes in ordinance factories which are under corporatisation and later will be in the process of privatisation.
The Tribunals Reform Act 2021 takes away the rights of the tribunals and the tribunals will become subsidiaries of the government.