Monsoon Session: Rajya Sabha Passes 7 Key Bills in Three and Half Hours
In one of the most productive days in its history, Rajya Sabha on Tuesday in a matter of three and half hours passed seven key bills including one that removes cereals, pulses and onion from the essential commodities list and another that abolishes penalty for certain offences by companies. The Upper House took up government legislative business after nearly an hour of discussion over the conduct of opposition MPs during the passage of two agriculture reform bills on Sunday, with Chairman M Venkaiah Naidu saying the suspension could be revoked if the members expressed regret over their action. The crucial Essential Commodities Bill, which removes cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities and removes stockholding limits on them, was passed next. Rajya Sabha also passed amendments to the Bank Regulation Act to bring cooperative banks under the supervision of the RBI in a bid to protect the interest of depositors.
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