Major reform bills coming in last 3 days of winter session: Jaitley

Bill to create fast-track arbitration in the country, Bankruptcy Law for companies on the cards, says finance minister Arun Jaitley

The government intends to bring in important legislations on structural reforms in the remaining three days left in the Parliament's winter session, notwithstanding the setback on the GST Bill, finance minister Arun Jaitley said today.

"The next three days are crucial with very important pieces of legislation coming up before the Parliament," Jaitley said here addressing the annual general meeting of industry chamber FICCI.

"India has almost ceased to be the centre of arbitration and adjudication and we need to bring it back because the arbitration costs abroad are enormous for our companies," he said.

"We are bringing in the bill for creating fast-track arbitration in the country, including single-member tribunals," he added.

The finance minister said that another proposed legislation would be bringing in a new Bankruptcy Law for companies.