Govt Lists Five New Bills, Including MSME and Income Tax Amendments, in Monsoon Session Tentative Agenda | Today’s news

Among the proposed legislation, the industry is expected to closely monitor the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026. According to the bulletin, the bill seeks to harmonize With the changing MSME environment, the MSME Development Act, 2006 strengthens the mechanism to address delayed payments to micro and small enterprises, provides for the enforcement of arbitral awards involving MSMEs, and introduces flexibility for states to decide on the composition of Micro and Small Enterprise Facilitation Councils (MSEFCs), allowing for the creation of more such councils.