Hoping to pass GST, bankruptcy bills budget session: Jaitley

The government is expected to approve the goods and services tax (GST) and bankruptcy bills in the second half of the budget session of parliament from April 20, Finance Minister Arun Jaitley on Sunday said.

"The present session of Parliament has seen the legislation of a milestone two days ago. And I hope to see additional two getting passes in the second part of the session, with respect to the laws of bankruptcy and insolvency and GST," he said, in the advancing Asia Conference here.

"I think this gives greater impetus or push for our reform process," said Finance Minister Arun Jaitley.

"We are trying to have a special emphasis now, both in terms of legislative changes and resources are putting to strengthen the banking system. I feel like coming months to achieve structural change will be actual important," he added.

Parliament approved the Law Aadhaar last week, providing legal coverage system unique identification number (UID) that facilitates the transfer of cash and benefits identified grant recipients.

The bill for a pan-India GST for a thorough reform of the system of indirect taxes in India has been approved by the House but stalled in the Rajya Sabha, where the ruling National Democratic Alliance (DNA) lacks most.