Indian Affairs

Finance Minister Nirmala Sitharaman will move NBFID Bill, 2021 in Rajya Sabha

Well, Finance Minister Nirmala Sitharaman will be moving the National Bank for the Finance Infrastructure and Development Bill 2021 in Rajya Sabha currently. Further, the aim of the bill is to provide support to the development of the long-term non-recourse infrastructure financing in India that involves the development of the bonds and derivatives markets required for the infrastructure financing and to carry on the business off financing infrastructure.

In the meantime, in Lok Sabha, Aviation Minister Hardeep Singh Puri will be moving The Airports Economic Regulatory Authority of India Bill, 2021. On Wednesday, the Rajya Sabha has passed the Government of National Capital Territory of Delhi Bill 2021, amid uproar by Opposition. Well, this bill, has been already passed by the Lok Sabha. It seeks to improve the powers of the Lieutenant Governor (L-G) of Delhi.

Around 12 Opposition parties in Rajya Sabha and nine in Lok Sabha have opposed the Bill. Delhi Chief Minister Arvind Kejriwal also slammed the Bill earlier as a move towards challenging his government, which has been described in the passage as a “sad day”. The Deputy CM Manish Sisodia called it a “black day” for the democracy.

Well, the controversial Government of National Capital Territory of Delhi Bill 2021 seeks to create the Lieutenant Governor of Delhi equivalent to the Delhi government. This was passed in Parliament on Wednesday with the Rajya Sabha giving its nod. However, it became a rallying point for the entire Opposition. It saw regional parties’ unities in a rare pushback against what is referred to as an overweening Centre.

As per the report, almost 12 opposition parties in Rajya Sabha and nine in Lok Sabha have opposed the Bill. Delhi Chief Minister Arvind Kejriwal had slammed the Bill earlier as they have moved to undermine his government by describing its passage as a “sad day”. On the other hand, Deputy CM Manish Sisodia has mentioned it as a “black day” for democracy.

Notably, in the Rajya Sabha, there were 16MPs from 14 parties has participated in the discussion. In a show of unity representatives from the Congress, AAP, TMC, BJD, DMK, YSRCP, SP, CPI (M), Shiv SAD, TDP, and NCP have opposed the Bill by leaving only the ally RPI and BJP in its favor. By boosting the opposition ranks, YSRCP supports the bill in the Lok Sabha and opposed it in the Upper House.

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