Finance Ministry Unveils Comprehensive Economic Reforms: Insolvency Code Overhaul and SEZ Relief Package Announced

In a strategic move to bolster India's economic framework, Finance Minister Nirmala Sitharaman has announced a dual-pronged reform initiative targeting critical business sectors. The centerpiece involves a comprehensive revision of the Insolvency and Bankruptcy Code (IBC), with a formal legislative proposal—the IBC (Amendment) Bill—scheduled for parliamentary introduction during the latter segment of the ongoing Budget session, contingent upon procedural prerequisites. This anticipated overhaul aims to enhance the efficiency and resolution timelines of the corporate insolvency process, addressing long-standing operational bottlenecks. Concurrently, the ministry has pledged substantive relief measures for Special Economic Zones (SEZs), designed to reinvigorate these export-oriented enclaves amid evolving global trade dynamics. The coordinated rollout signals a deliberate governmental focus on strengthening institutional mechanisms for business continuity and investor confidence. These interventions are analytically positioned to streamline capital allocation, mitigate financial distress contagion, and reinforce India's competitive positioning in international supply chains. The formal legislative timeline underscores a methodical approach to structural economic recalibration.