The Finance (No.2) Bill, 2019 was discussed and passed in Lok Sabha today. The Finance Bill is introduced with the budget and consists of the government's financial proposals for the upcoming year. This year, In addition to changes in tax laws, the Finance Bill, 2019 proposes changes in several other laws such as the SEBI Act, The RBI Act, the CGST Act, and the PMLA Act.
In Rajya Sabha today, the Protection of Children from Sexual Offences (Amendment) Bill, 2019 was introduced. It amends a 2011 Act which established special courts to exclusively deal with cases of child abuse and exploitation.
The New Delhi Arbitration Centre Bill, 2019 was passed in Rajya Sabha today. It seeks to establish an autonomous and independent institution for better management of arbitration in India. The Bill was passed in Lok Sabha on July 10, 2019.
Additionally, the Arbitration and Conciliation (Amendment) Bill, 2019 was passed today in Rajya Sabha. The Bill establishes an independent body called the Arbitration Council of India.