Seven bills passed in three and half hours! Rajya Sabha registers one of its most productive days in history

By: |
September 22, 2020 4:31 PM

All the seven bills have already been passed by Lok Sabha and will now be sent to the President for assent. Once he gives his assent, they will become the law.

In most bills, the members participation was sparse and the minister's reply brief.In most bills, the members participation was sparse and the minister's reply brief.

In one of the most productive days in its history, Rajya Sabha on Tuesday in a matter of three and half hours passed seven key bills including one that removes cereals, pulses and onion from the essential commodities list and another that abolishes penalty for certain offences by companies.

This after most of the opposition including the Congress, Left parties, the TMC, the Samajwadi Party and the NCP decided to boycott House proceedings in protest against the suspension of eight MPs for the remainder of the session for unruly behaviour.

Only members from the ruling BJP and its ally JD-U and those of parties such as AIADMK, BJD, YSR-Congress and TDP, which have been extending support to the Modi government on various issues, participated in the debates on the bills.

In most bills, the members participation was sparse and the minister’s reply brief.

The Upper House took up government legislative business after nearly an hour of discussion over the conduct of opposition MPs during the passage of two agriculture reform bills on Sunday, with Chairman M Venkaiah Naidu saying the suspension could be revoked if the members expressed regret over their action.

First, it passed a bill to declare five newly-established Indian Institutes of Information Technology (IIITs) as institutions of national importance.

The crucial Essential Commodities (Amendment) Bill, which removes cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities and removes stockholding limits on them, was passed next.

This bill is part of the agriculture reforms bills that the government is pushing to raise farm incomes.

The bills passed on Sunday gave farmers the freedom to sell produce anywhere in the country and enter into forward contracts with companies.

Rajya Sabha also passed amendments to the Bank Regulation Act to bring cooperative banks under the supervision of the RBI in a bid to protect the interest of depositors.

Thereafter the Companies (Amendment) Bill, 2020, which removes the penalty for certain offences, was passed.

The National Forensic Sciences University Bill, 2020 and the Rashtriya Rakash University Bill were passed in quick succession.

Thereafter the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 to relax time limit on compliance with tax laws, GST payment and filing in view of the coronavirus pandemic.

The Essential Commodities (Amendment) Bill, 2020 as well as the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 replace emergency ordinances.

The sitting of the Rajya Sabha was extended by just over an hour beyond the scheduled time to allow the passage of the bills. The legislative business started at 10.29 hours and ended at 14.03 hrs – 214 minutes in all.

All the seven bills have already been passed by Lok Sabha and will now be sent to the President for assent. Once he gives his assent, they will become the law.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Mumbai mall fire: Two fire personnel injured, 3500 people evacuated from adjacent tower
2Bihar Election Rahul Gandhi Rally LIVE: Country is troubled by false statistics on Covid and jobs, tweets Rahul Gandhi ahead of rally
3PM Modi Bihar Rally Live Updates: Era of lantern over, Bihar marching from darkness to light, PM says in attack on RJD