The government has listed 23 new Bills, including 11 which seek to replace ordinances, for introduction in Parliament’s Monsoon session beginning Monday.
One of the ordinances the government plans to pass as a bill during the 18-day-long session relates to providing preventive measures against violence on healthcare personnel.
The ordinance makes acts of violence and harassment against healthcare personnel deployed in combating Covid-19 a non-bailable offence with maximum punishment of seven years imprisonment and Rs 5 lakh fine. It also protects the healthcare fraternity, including doctors, nurses and ASHA workers.
Another ordinance to be replaced by a bill relates to reduction in the salary of MPs by 30 per cent for a period of one year beginning April 1, 2020.
The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, seeks to replace an ordinance issued recently to provide for the creation of an ecosystem where the farmers and traders enjoy the freedom of choice relating to sale and purchase of farmers’ produce which facilitates remunerative prices through competitive alternative trading channels.
However, the steps for amendment Life Insurance Corporation Act, 1956, paving the way for the mega (initial public offering ) IPO and listing of the corporation, have not been finalised by the government as yet..
The proposed IPO of LIC will be preceded by amendments to Sections 24, 28 and 37 of the Act. Section 24 deals with the way the corporation handles its corpus, Section 28 is about dividend distribution and Section 37 provides government guarantee on all its policies.
An inter-ministerial mechanism of department of financial services, Department of Investment and Public Asset Management (DIPAM) and law is currently working on various parameters of the IPO,