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Lok Sabha bulletin lists Farm Laws Repeal Bill for Winter Session of Parliament

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Lok Sabha bulletin lists Farm Laws Repeal Bill for Winter Session of Parliament

New Delhi: The Lok Sabha bulletin on Tuesday listed 'The Farm Laws Repeal Bill, 2021' to repeal the three contentious farm laws as announced by Prime Minister Narendra Modi on November 19. The Farm Laws Repeal Bill 2021 will be introduced most likely on the first day of the Winter Session of the Parliament beginning November 29.

"The Bill will be introduced to repeal the 'Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; the Farmers (Empowerment and Protection) Agreement of Price Assurance, Farm Services Act, 2020; and the Essential Commodities (Amendment) Act, 2020," the Lok Sabha bulletin said.

While announcing the repeal of the three farm laws that the Parliament had passed last year, Modi had also said that the process to repeal the laws would be taken up in the Winter Session.

Nearly a year-long farmers' agitation has been demanding the repeal of the three laws along with legal backing for minimum support price (MSP), among other things. But the bulletin does not feature any Bill related to MSP.

The agitating farmers, under the aegis of Samyukt Kisan Morcha (SKM), have already declared that their agitation will continue till MSP gets legal backing.

The farmers in an open letter to the Prime Minister on Sunday had also put forth various other demands. The new Bill for repeal of farm laws is most likely to be taken up and approved by the Cabinet on November 30.

The bulletin lists other bills, including one for the regulation of cryptocurrency. the Bill which seeks to prohibit all private cryptocurrencies in India will be called The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its usage.

The government's objective is "to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India".

The Bill has been listed for introduction, consideration and passing in the Lok Sabha. It is among 26 new Bills, which are to be introduced in the Parliament session beginning November 29.

Prime Minister Narendra Modi had earlier said that all democratic countries need to work together on cryptocurrency and ensure that it does not end up in the wrong hands.

Giving an example of the virtual currency, he had said, "Take cryptocurrency or Bitcoin for example. It is important that all nations work together on this and ensure it does not end up in the wrong hands, which can spoil our youth."

Several high meetings have been held to discuss the regulation of cryptocurrencies. The Parliamentary Standing Committee had also called for the regulation.

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