Clears amendments to insolvency, companies laws
STATE TIMES NEWS
NEW DELHI: The Union Cabinet on Tuesday approved the extension of Jal Jeevan Mission up to December 2028 with an enhanced outlay of Rs 8.7 lakh crore, Union Minister Ashwini Vaishnaw said.
The project was launched by Prime Minister Narendra Modi in 2019 to provide safe and adequate drinking water through tap connections to all households in rural India.
“The Cabinet approved the Ministry of Jal Shakti’s proposal to restructure and reorient the implementation of the Jal Jeevan Mission (JJM) from infrastructure creation to service delivery, supported by drinking water governance and institutional ecosystem for sustainable rural piped potable water supply,” the minister said at a press conference.
For restructuring JJM, focusing on structural reforms, the Cabinet has approved an enhancement of the total outlay to Rs. 8.69 lakh crore, with a total central assistance of Rs. 3.59 lakh crore as against from Rs. 2.08 lakh crore approved in 2019-20.
A uniform national digital framework called “Sujalam Bharat” shall be instituted, under which every village shall be assigned a unique Sujal Gaon or Service Area ID, digitally mapping the complete drinking water supply system from source to tap.
The Union Cabinet also approved amendments to the insolvency law and the Companies Act, according to sources.
Specific details could not be immediately ascertained.
The sources said the Cabinet has cleared various amendments to the Insolvency and Bankruptcy Code (IBC) and the Companies Act, 2013.
Both laws are implemented by the corporate affairs ministry.
In August last year, the ministry had introduced a Bill in the Lok Sabha to amend the IBC, proposing a raft of changes, including provisions to reduce the time taken for admission of insolvency resolution applications. The Bill, which was referred to a select committee of the Lok Sabha, has also submitted its report in December 2025.
Last month, Finance and Corporate Affairs Minister Nirmala Sitharaman had said the government intends to introduce the IBC (Amendment) Bill, 2025 in the second half of the Budget session.
The session commenced on Monday.
