New Delhi| The Parliamentary Affairs Ministry on Thursday said that a total of 22 Bills were passed in the Monsoon Session of Parliament. The session was adjourned sine die on Wednesday. In this session, 17 sittings were held over a period of 24 days. Although it was originally scheduled to have 19 sittings from July 19 to August 13, it was cut short due to frequent disruptions in both the Houses of Parliament.
During the session, 22 Bills were passed by both the Houses of Parliament, including two Appropriation Bills relating to Supplementary Demands for Grants for 2021-22 and Demands for Additional Grants for 2017-2018, which were passed by Lok Sabha which were sent to the state. Assembly and deemed to have been passed under Article 109(5).
Four bills to replace the ordinances- the Tribunal Reforms (Rationalization and Conditions of Service) Ordinance, 2021, the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, the Commission for Air Quality Management in the National Capital Region and Surrounding Areas Ordinance, 2021 and the Essential Defense The Services Ordinance, 2021, which was promulgated by the President ahead of the monsoon session, was considered and passed by the Houses.
Some of the important financial bills passed by Parliament include the Taxation Laws (Amendment) Bill, 2021, which provides for any indirect transfer of Indian assets if the transaction was made before May 28, 2012. No tax demand will be raised in the future on the basis of amendment.
The General Insurance Business (Nationalisation) Amendment Bill, 2021 provides for greater private participation in public sector insurance companies and insurance penetration and to increase social security and better protect the interests of policyholders and contribute to the faster growth of the economy. does.
The Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 enables easy and time-bound access by depositors to their own funds, even when banks have restrictions. It is proposed to provide that even if a bank is temporarily unable to meet its obligations due to restrictions such as the moratorium imposed on it, the depositors may cover their deposits to the extent of deposit insurance cover by way of interim payment by the Corporation. Can be used.
The Limited Liability Partnership (Amendment) Bill, 2021, seeks to convert certain offenses into civil defaults and change the nature of punishment for these offences.
It also defines small LLPs, provides for the appointment of certain adjudicating officers and the establishment of special courts.
The Factoring Regulation (Amendment) Bill, 2021 is specifically meant to help micro, small and medium enterprises by providing additional opportunities for availing credit facilities through the trade receivables exemption system. The increase in the availability of working capital can increase the business of micro, small and medium enterprises sector and can also boost employment in the country.
Apart from these financial bills, three bills for the transport sector were passed in this session. These are the Maritime Assistance to Shipping Bill, 2021 which provides for the development, maintenance and management of aids to navigation in India, for the training and certification of operators of aids to navigation, development of its historical, educational and cultural value. To ensure compliance with obligations under maritime treaties and international instruments to which India is a party.
The Inland Ships Bill, 2021, promotes economical and safe transport and trade through inland waters, to bring about uniformity in the application of legislation relating to inland waterways and navigation within the country, the safety of navigation, the safety of life and cargo, and provides prevention. To strengthen the procedures governing inland vessels, their construction, survey, registration, manning, navigation, due to pollution caused by the use or navigation of inland vessels, to ensure transparency and accountability of the administration of inland water transport provision of.
The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 proposes to amend the definition of a ‘major airport’, to expand its scope to determine the fee even for a group of airports, which are used for the development of minor airports. will encourage.
Two bills on educational reforms were also passed in the monsoon session, i.e. the National Institute of Food Technology Entrepreneurship and Management Bill, 2021 to declare certain institutes of food technology, entrepreneurship and management as institutions of national importance and provide instruction and research in it. Food Technology, Entrepreneurship and Management while the Central Universities (Amendment) Bill, 2021 seeks to amend the Central Universities Act, 2009. Provision was made, inter alia, for the establishment of a university in the Union Territory of Ladakh in the name of ‘Indus Central University.
The Constitution (127th) Amendment Bill, 2021 seeks to adequately clarify that the State Governments and Union Territories have the right to prepare and maintain their own State List/Union Territory List of socially and educationally backward classes. This was the only bill that was passed after deliberation in both the houses of the Parliament.
The Juvenile Justice (Care and Protection of Children) Amendment Bill, 2021 provides that the district magistrate (including the additional district magistrate) instead of the court shall issue orders for such adoption.
The Inland Ships Bill, 2021, promotes economical and safe transport and trade through inland waters, to bring about uniformity in the application of legislation relating to inland waterways and navigation within the country, the safety of navigation, the safety of life and cargo, and provides prevention. To strengthen the procedures governing inland vessels, their construction, survey, registration, manning, navigation, due to pollution caused by the use or navigation of inland vessels, to ensure transparency and accountability of the administration of inland water transport provision of.
The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 proposes to amend the definition of a ‘major airport’, to expand its scope to determine the fee even for a group of airports, which are used for the development of minor airports. will encourage.
Two bills on educational reforms were also passed in the monsoon session, i.e. the National Institute of Food Technology Entrepreneurship and Management Bill, 2021 to declare certain institutes of food technology, entrepreneurship and management as institutions of national importance and provide instruction and research in it. Food Technology, Entrepreneurship and Management while the Central Universities (Amendment) Bill, 2021 seeks to amend the Central Universities Act, 2009. Provision was made, inter alia, for the establishment of a university in the Union Territory of Ladakh in the name of ‘Indus Central University.
The Constitution (127th) Amendment Bill, 2021 seeks to adequately clarify that the State Government and Union Territories have the right to prepare and maintain their own State List/Union Territory List of socially and educationally backward classes. This was the only bill that was passed after deliberation in both the houses of the Parliament.
The Juvenile Justice (Care and Protection of Children) Amendment Bill, 2021 provides that the district magistrate (including the additional district magistrate) instead of the court shall issue orders for such adoption.
The Bill states that serious offenses will also include offenses for which the maximum punishment is imprisonment for more than seven years, and the minimum punishment is not prescribed or is less than seven years.
Besides these, the Constitution (Scheduled Tribes) Order (Amendment) Bill, 2021 was also passed to amend the list of Scheduled Tribes in relation to the State of Arunachal Pradesh.
The Bill states that serious offenses will also include offenses for which the maximum punishment is imprisonment for more than seven years, and the minimum punishment is not prescribed or is less than seven years.
Besides these, the Constitution (Scheduled Tribes) Order (Amendment) Bill, 2021 was also passed to amend the list of Scheduled Tribes in relation to the State of Arunachal Pradesh.
