During the Budget Session of Parliament on March 30, 2026, key legislative discussions took place in the Lok Sabha, including proposed amendments to the Insolvency and Bankruptcy Code (IBC) and a bill related to Central Armed Police Forces (CAPF). The government aimed to strengthen financial resolution mechanisms and improve administrative efficiency in paramilitary forces. These developments are important for economic reforms and internal security governance in India.
The Parliament Budget Session on March 30, 2026, included major discussions in the Lok Sabha. Two important topics were highlighted: amendments to the Insolvency and Bankruptcy Code (IBC) and a new bill related to Central Armed Police Forces (CAPFs).
The IBC, introduced in 2016, is a key economic reform. It helps resolve insolvency cases of companies within a fixed time. The proposed amendments aim to improve resolution speed, reduce delays, and strengthen creditor rights. This is important to manage Non-Performing Assets (NPAs) in banks.
The CAPF Bill focuses on improving administration, service conditions, and efficiency of forces like CRPF, BSF, ITBP, and CISF. These forces play a major role in internal security, border management, and disaster response. They function under the Ministry of Home Affairs.
The Budget Session is one of the most important parliamentary sessions. It discusses financial matters, policy reforms, and legislation. It is usually conducted in two phases.
Such reforms have long-term impact on economic stability and national security. Strengthening insolvency processes improves investor confidence, while better CAPF management enhances internal security.
1.Insolvency and Bankruptcy Code was enacted in which year?
A) 2014
B) 2015
C) 2016
D) 2017
Answer: C
2.CAPFs function under which ministry?
A) Ministry of Defence
B) Ministry of Home Affairs
C) Ministry of Finance
D) Ministry of External Affairs
Answer: B
3.Which of the following is NOT a CAPF?
A) CRPF
B) BSF
C) Indian Army
D) CISF
Answer: C
4.What is the main aim of IBC?
A) Increase tax collection
B) Resolve insolvency cases
C) Promote exports
D) Control inflation
Answer: B
5.Budget Session of Parliament mainly deals with:
A) Elections
B) Judiciary reforms
C) Financial matters
D) Foreign policy
Answer: C
1. What is the primary objective of Insolvency and Bankruptcy Code (UPSC)?
Answer: Time-bound resolution of insolvency and bankruptcy cases
2. Which force is responsible for border security in India?
Answer: Border Security Force (BSF)
Students often confuse CAPFs with Armed Forces. CAPFs are paramilitary forces, not part of the military.
Focus on IBC provisions, CAPF roles, and differences between paramilitary and armed forces.