TReDS Current Affairs, GK & News

Lok Sabha passes Factoring Amendment Bill

On 26th July, 2021 the Lok Sabha passed the Factoring Amendment Bill to amend the Factoring Regulation Act 2011. This bill will broaden the scope of the entities which can participate in the factoring business and also will ensure that strong oversight and regulatory mechanisms are put in place. Nirmala Sitharaman, Finance Minister of India, ..