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Monday, December 14, 2015

Government may bring laws on Aadhaar, bankruptcy as money bills


NEW DELHI: Government is likely to introduce legislations on Aadhaar and bankruptcy code as money bills with a view to ensuring their smooth passage in Parliament.

"We will bring as many legislation as possible in the form of Money Bills. We will follow the same procedure for the bankruptcy law," a senior Finance Ministry official said. 
 

While the ordinary bills are required to be approved by the Lok Sabha as well as the Rajya Sabha, the lower house has overriding powers on the money bills.

A legislation on Aadhaar will give statutory backing to the Unique Identification Authority of India (UIDAI)  which allocates Aadhaar numbers and issues cards to citizens.

Read more at:

http://economictimes.indiatimes.com/articleshow/50171676.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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