Bill to ban all cryptocurrencies to be tabled in Winter Session of Parliament
Darpan News Desk IANS, 23 Nov, 2021 12:14 PM
New Delhi, Nov 23 (IANS) The Union government will move a Bill which seeks to prohibit all private cryptocurrencies in India in the Winter Session of Parliament starting November 29.
It will be called The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its usage.
The government's objective is "to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India".
The Bill has been listed for introduction, consideration and passing in the Lok Sabha. It is among 26 new Bills, which are to be introduced in the Parliament session beginning November 29.
Prime Minister Narendra Modi had earlier said that all democratic countries need to work together on cryptocurrency and ensure that it does not end up in the wrong hands.
Giving an example of the virtual currency, he had said, "Take cryptocurrency or Bitcoin for example. It is important that all nations work together on this and ensure it does not end up in the wrong hands, which can spoil our youth."
Several high meetings have been held to discuss the regulation of cryptocurrencies. The Parliamentary Stnading Committee had also called for the regulation.
Punjab BJP President Ashwani Sharma told IANS that to control infighting in its party state unit, the Congress leadership made Channi ji (Charanjit Singh Channi) the Punjab Chief Minister but insulted the Dalit community by not allowing him to lead the party in the upcoming state Assembly polls.
The government and drug controller's office will have to take a decision on the third booster dose based on data and cases as times goes on and including how effective the vaccine is on the Delta virus variant, he added.
The petitioner said the state had passed the Punjab Scheduled Castes and Backward Classes (Reservation in Services) Act of 2006 but it has never implemented it in case of appointment in judicial services.
In the run up to the assembly polls scheduled early next year, the BJP Punjab unit has launched several campaigns to strengthen its organisational structure at ground level. Sharma said that work is progressing at good pace for formation of a 21-member committee at each polling booth.
According to Sidhu, the department has issued sanctions under five phases for purchasing the straw management machines with subsidies ranging from 50 to 80 per cent.
