India / Narendra modi government will present 26 bills among cryptocurrency in parliament winter session

Zoom News : Nov 24, 2021, 07:16 AM
New Delhi : The Modi government has listed 26 bills for the winter session of Parliament. These range from bills to repeal all three agricultural laws to cryptocurrencies and official digital currency regulation bills. The Lok Sabha Secretariat gave this information on Tuesday. According to the Lok Sabha Secretariat, the Cryptocurrencies and Official Digital Currency Regulation Bill 2021 aims to create a facilitating mechanism for the creation of official digital currency to be issued by the RBI. A provision has also been made in the bill to ban all types of private cryptocurrencies in India.

However, some relaxation has also been said in it, so that technology related to cryptocurrency and its use can be encouraged. The winter session will start from November 29 and is likely to end on December 23. The government wants to make rules regarding cryptocurrencies so that investors can get a fair environment and they can avoid any kind of fraud. Recently, the Reserve Bank had warned people investing in cryptocurrencies that they themselves will be responsible if anything untoward happens. However, even after this, in view of its popularity among the people, the government has decided to bring the bill.

Bill for withdrawal of new agricultural laws also listed, will come from cabinet today

A bill to withdraw all three agriculture laws will also be introduced. It is listed under the name 'The Farm Law Repeal Bill 2021'. In September last year, the government had implemented the Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, Agriculture (Empowerment and Protection) Price Assurance and Agricultural Services Agreement Act and the Essential Commodities Amendment Act, despite heavy opposition from the opposition parties. However, the Prime Minister has announced to withdraw all three laws. The bill will be introduced in the Union Cabinet on Wednesday. After getting approval from here, it will come in Parliament.

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