20 Bills Scheduled For The Budget Session 2021

The government is scheduled to take up 20 new bills during the Budget Session that began on 29 January, a Lok Sabha bulletin said. The session will be held in two parts- from 29 January to 15 February and from 8 March to 8 April.

The 20 new bills to be cleared in the Parliament, includes the Finance Bill, which will be presented on the Union Budget presentation day, that is 1 February.

Some of the bills that will be tabled include the Pension Fund Regulatory and Development Authority (Amendment) Bill, National Bank for Financing Infrastructure and Development (NaBFID) Bill, Mines and Minerals (Development and Regulation) Amendment Bill, Electricity (Amendment) Bill, Cryptocurrency and Regulation of Official Digital Currency Bill.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is proposed to create a facilitative framework for the official digital currency to be issued by the Reserve Bank of India, while also prohibiting all private cryptocurrencies in India. It will, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.

The National Bank for Financing Infrastructure and Development (NaBFID) Bill, 2021, proposes a new development financial institution (DFI) as a provider, enabler and catalyst for infrastructure financing and as the principal financial institution and development bank for building and sustaining a supportive ecosystem across the life-cycle of infrastructure projects.