President Ram Nath Kovind gave his approval to the National Capital Territory (NCT) of Delhi (Amendment) Act, 2021 on Sunday.
Centre announced the Ram Nath Kovind‘s assent to the bill through a gazette notification.
The Government of National Capital Territory of Delhi (Amendment) Bill was passed in the Upper House by Deputy Chairman Harivansh Narayan Singh in a voice vote after a walkout by the opposition.
As per information, opposition parties including Congress, AAP, Biju Janata Dal, YSR Congress, and Samajwadi Party opposed the bill and walked out in protest.
The Bill amended the National Capital Territory of Delhi Act, 1991.
As per the new amendment, the expression “Government” referred to in any law to be made by the Legislative Assembly shall mean the ‘Lieutenant Governor’.
Moreover, the President has also given his accent to National Bank for Financing Infrastructure and Development Act, 2021 and the Finance Act 2021 on Sunday.
The National Bank for Financing Infrastructure and Development Act, 2021 is designed to support the development of long-term non-recourse infrastructure financing in India. This includes the development of bonds and derivatives markets, which are necessary for infrastructure financing. It will also carry on the business of financing infrastructure and for matters connected therewith or incidental thereto.
The Finance Act is formed to give effect to the financial proposals of the Central Government for the financial year 2021-2022.
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