The government will present 20 new bills in the House during the budget session that began with the introduction of the Economic Survey on 29 January. Not even 20 new bills include crypto currency, infra bank and finance bill.
New Delhi. The budget session has started with the introduction of Economic Survey on 29 January. The budget session will be held in De Session. The first part will run from 29 January to 15 February, while the second round will run from 8 March to 8 April. The government has prepared a list of 20 bills. Which will be presented during the budget session. These 20 new bills also include Finance Bill, through which the budget presented on February 1 will be approved in Parliament.
The bills to be presented in the budget session include-
CCI Amendment Bill
Pension Fund Regulatory and Development Authority (Amendment) Bill.
National Bank for Financing Infrastructure and Development (NaBFID) Bill
Cryptocurrency and Regulation of Digital Currency Bill
Mining and Minerals (Development and Regulation) Amendment Bill
Electricity (Amendment) Bill.
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The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021
The Crypto Currency and Regulation of Official Digital Currency Bill, 2021 aims to create a legal framework for the official digital currency to be issued by the RBI. This bill will also have a provision to ban the crypto currency of all private in India. However, with some exceptions, there is a provision to approve the technology and use of crypto currency.
NaBFID bill, 2021
The National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 proposes the formation of a new Development Financial Institution (DFI) to provide all types of financial facilities for infrastructure financing and infrastructure projects. Similarly, the Mines and Minerals (Development and Regulation) Amendment Bill 2021 provides for a fundamental reform in the mining sector by amending the Act of 1957 to promote the growth of the mining sector.
The Mines and Minerals (Development and Regulation) Amendment Bill 2021 seeks to bring structural changes in the mining sector by changing the 1957 Act. This will help improve the competitiveness of the mining sector by attracting private investment to accelerate growth and generate employment, removing legacy issues and bringing in international best practices in exploration and mining.
