Lok Sabha on Monday passed The Insolvency and Bankruptcy Code (Second Amendment) Bill whereby fresh insolvency proceedings will not be initiated at least for six months starting from March 25 amid the coronavirus pandemic. The Bill was already passed in Rajya Sabha on Saturday.
Sending a strong message to farmers across the country on continuation of minimum support price (MSP)-based procurement system, the government on Monday hiked the minimum price for buying wheat and five other rabi crops by up to six per cent. The MSP of wheat, the biggest crop of rabi season, has been hiked by Rs 50 to Rs 1,975 per quintal, Agriculture Minister Narendra Singh Tomar said in Lok Sabha. Besides this, MSPs of lentil (masoor), gram, barley, safflower and mustard/rapeseed have also been increased.
Lok Sabha on Monday passed The Foreign Contribution (Regulation) Amendment Bill, 2020, that seeks to make it mandatory for office bearers of any NGO to provide their Aadhaar numbers at the time of registration and also bring various other changes. Opposing the Bill, Congress MP Adhir Ranjan Chowdhury said that while on one hand the government invites foreign funds, when such funds come for educational and charitable purposes, it is prevented. Alleging that there is a political agenda behind this, he asked how much foreign fund has come been received by the PM-CARES Fund.
The eight opposition Rajya Sabha MPs, who have been suspended over the ruckus on Sunday, are holding a sit-in protest near the Gandhi statue in Parliament. Rajya Sabha was adjourned for the fifth time, till tomorrow, on Monday due to incessant protests against the suspension of the MPs. Despite several requests, the suspended MPs refused to leave the premises, thereby halting further proceedings inside the House. The opposition parties are likely to meet the President in this regard.