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The Bilateral Netting of Qualified Financial Contracts Act, 2020

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Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.

Summary

Central Act enacted 2020-09-28. Full text on India Code (indiacode.nic.in).

Key Facts

TypeAct

SourceIndia Code (Historical)

PublishedMonday, 28 September 2020

Affected Population1.4 billion citizens, 20 million government employees

Key Numbers

20 million central + state government employees

Rs 3.3 lakh crore transferred via DBT

1,500+ services on UMANG app

Key Authorities

Key Stakeholders

Government Context

NDA IIBJP-led NDA

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