<h1>Government plans nine bills to overhaul insurance FDI, tobacco taxes, securities code, and corporate, insolvency, highway laws this winter</h1> The Union government has scheduled nine key economic bills for the Winter Session of Parliament (December 1-19, 2025). Proposed measures include amending insurance laws to raise the foreign direct investment cap in the insurance sector from 74% to 100%, and introducing excise-based taxation and new cesses on tobacco and pan masala to replace existing GST compensation cesses, earmarked for national security and public health expenditure. A unified Securities Markets Code is proposed by consolidating three existing securities laws. Additional bills address decriminalisation of minor offences, amendments to the Insolvency and Bankruptcy Code, GST in a specific state, national highways legislation, and corporate laws.