What to watch out for in Winter Session of Parliament

The first day will see the repeal of the highly contentious farm laws, for which many protests were held across the country last year.

November 29, 2021

The session will take place over 19 sittings.

A total of 36 legislative bills are expected to be passed through the sessions.

One finance bill is also expected to be introduced, additionally.

The first session will see the passing of around 10 economic bills.

The Winter Session of the Parliament that starts from November 29, will take place through 19 sittings. A total of 36 bills are expected to be passed through the session. The upcoming session has 10 economic Bills slated to be passed. These are listed below.

The Farm Laws Repeal Bill, 2021
The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020, the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, the Essential Commodities (Amendment) Act, 2020 are the three contentious farm bills which will be repealed, amending the Essential Commodities Act, 1955.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021
The Cryptocurrency bill will ban all private cryptocurrency, with the underlying blockchain technology being permitted to operate. It will also form a facilitative framework for the creation of an official digital currency to be issued by the RBI.

The Banking Laws (Amendment) Bill, 2021
It will amend the Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970, and 1980, and make incidental amendments to the Banking Regulation Act, 1949 to enable the privatisation of two public sector banks and reduce their equity to a minimum of 26 percent.

The Pension Fund Regulatory and Development Authority (Amendment) Bill, 2021
It will make amendments to the Pension Fund Regulatory and Development Authority of India Act, enabling the National Pension System trust for government employees to be separate from the pension regulator.

The Chartered Accountants, the Cost and Works Accountants, and the Company Secretaries (Amendment) Bill, 2021
The bill aims to amend laws to reform and hasten the disciplinary mechanism of the Institute of Chartered Accountants of India, the Institute of Cost and Works Accountants of India, and the Institute of Company Secretaries of India.

The Insolvency and Bankruptcy (Second Amendment) Bill, 2021
This bill aims to further solidify and streamline the Insolvency and Bankruptcy Code, 2016.

The Metro Rail (Construction, Operation, and Maintenance) Bill, 2021
In place of the Metro Railways (Operation and Maintenance) Act, 2002, and the Metro Railways (Construction of Works) Act, 1978, this will provide a legal framework for construction, operation, and maintenance of Metro rail projects, including those under public-private partnership mode.

The Electricity (Amendment) Bill, 2021
This will enable the de-licensing of the power distribution business and aims to strengthen the appellate tribunal for electricity penalty for non-compliance of renewable purchase obligation, prescribing rights and duties of consumers.

The Energy Conservation (Amendment) Bill, 2021
This bill aims for the provision of enhanced new and additional financial, technological, and capacity-building support to meet the Paris commitments and ensure the complete implementation of India’s nationally determined contributions in a timely manner.

The Indian Maritime Fisheries Bill, 2021
Aiming to provide for the sustainable development of fisheries resources in the exclusive economic zone of India, this bill will repeal the Maritime Zones of India (Regulation of Fishing by Foreign Vessels) Act, 1981. Its main objective is to ensure the responsible harnessing of fisheries in the high seas by the Indian fishing vessel, and promotion of livelihoods of small-scale and artisanal fishers.

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