Parliament Highlights: The Mines and Mineral (Development and Regulation) Amendment Bill, 2021 has been passed in the Lok Sabha today by voice vote. According to Union Minister for Mines, Coal, and Parliamentary affairs Pralhad Joshi, the passage of the Mines and Mineral (Development and Regulation) Amendment Bill would bring transparency, renew the auction process of minerals and coal rights and also create employment opportunities. The new bill seeks to amend the Mines and Mineral (Development and Regulation) Act of 1957. Union Minister Pralhad Joshi also said that “The reform in the mining sector would generate 55 lakh direct and indirect employment. To enhance mining activity, we will allow private sector with enhanced technology in mineral exploration,”.
The government has planned to introduce the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 in the Lok Sabha for setting up a government-owned DFI to fund infra projects. Earlier this week, the union cabinet had approved a budget proposal which is required for setting up a Development Finance Institution (DFI), which will enable fundraising from investors, this will lead to tax benefits.
Railway Minister Piyush Goyal on Friday said that the government has planned to monetise the railway’s assets to generate resources to boost growth, but the railway infrastructure will never be privatised. Piyush Goyal said “When you privatise, you sell off the assets permanently and it no more remains a part of the government ownership. In the railways, the plan to is monetise in terms of how it will generate resources, further investment and growth. The infrastructure of Indian Railways will never be privatised,”. He also added by saying that “Asset monetisation would help in generating more resources towards infrastructure creation. Passenger train operations taken up through Public Private Partnership (PPP) is targeted to bring a total investment of about ? 30,000 crore,”.
Union Health Minister Dr Harsh Vardhan on Friday reiterated in Lok Sabha that no one should cast doubt on the Covid-19 vaccines as he urged all to take the shots.