New Delhi: The government is preparing to push through a busy agenda of reforms through the short winter session of Parliament starting on December 1, with 15 sessions scheduled to clear major legislation related to key issues including ease of doing business, regulatory consolidation, foreign investment and sectoral reforms.
10 new laws and two others will be introduced in the session, where they will seek the approval of Parliament after taking into account the report of the select committee, the Lok Sabha bulletin said.
Two major bills – the Jan Vishwas amendment and the Insolvency and Bankruptcy Bill (IBC) amendment – are expected to return for passage after scrutiny by a select committee during the monsoon session. Both are aimed at simplifying compliance and decriminalizing minor business offences, while the IBC amendment proposes to overhaul India’s insolvency framework by addressing procedural delays, clarifying ambiguities and introducing a creditor-initiated insolvency resolution process (CIIRP).
The main reform proposal on the list is an amendment to the Insurance Act, which includes provisions on composite licenses for insurers and allows 100% foreign direct investment in the insurance sector. The government will also introduce the Securities Markets Act, which seeks to unify the Sebi Act, 1992, the Depositories Act, 1996 and the Securities Contracts (Regulation) Act, 1956 into a single simplified law, along with the Arbitration and Conciliation Bill and the Corporations Act Amendment Bill.
Other bills on the agenda include the Atomic Energy Bill – which proposes to open up the civil nuclear sector to private players – the Manipur Goods and Services Tax Amendment Bill and the Constitution (131st Amendment) Bill, 2025, which seeks to bring Chandigarh under Article 240 in line with other union territories without legislatures such as Andaman and Nicobar Islands and Dagarai, Digarai and Lakshad Islands. Puducherry.
This will be the last session before the crucial budget session, which usually starts on January 31.
In this short session, the opposition is expected to raise a number of issues such as the transparency of the electoral process, the economy, federalism and the recently announced labor codes. Also, the proposed Constitution Bill (131st Amendment), which seeks to include Chandigarh under Article 240, has drawn sharp criticism as an “attack on federalism” and an attempt to dilute Punjab’s claim to shared capital with Haryana.
