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Bills that received Presidential Assent in 2020

Some details of 7 crucial bills passed by the parliament in Monsoon Session that received presidential assent

Presidential assent

List of all the Bills that received Presidential Assent for the Monsson Session of 2020:

Act

Presidential Assent

The Banking Regulation (Amendment) Act, 2020 20-09-2020
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 29-09-2020
The Industrial Relations Code, 2020 28-09-2020
The Occupational Safety, Health, and Working Conditions Code, 2020 28-09-2020
The Code on Social Security, 2020 28-09-2020
The Bilateral Netting of Qualified Financial Contracts Act, 2020 28-09-2020
The Companies (Amendment) Act, 2020 28-09-2020
The Foreign Contribution (Regulation) Amendment Act, 2020 28-09-2020
The Jammu and Kashmir Official Languages Act, 2020 26-09-2020
Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 24-09-2020
The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020 24-09-2020
The Essential Commodities (Amendment) Act,  2020 26-09-2020
The Institute of Teaching and Research in Ayurveda Act, 2020 21-09-2020
Salary, Allowances and Pension of Members of Parliament (Amendment) Act, 2020 24-09-2020
The National Commission for Indian System of Medicine Act, 2020 20-09-2020
The Insolvency and Bankruptcy Code (Second Amendment) Act, 2020 23-09-2020
The Aircraft (Amendment) Act, 2020 19-09-2020
The Epidemic Diseases (Amendment) Act, 2020 28-09-2020
The National Forensic Sciences University Act, 2020 28-09-2020
The Rashtriya Raksha University Act, 2020 28-09-2020
The Indian Institutes of Information Technology Laws (Amendment) Act, 2020 28-09-2020
The Indian Medicine Central Council (Amendment) Act, 2020 25-09-2020
The Homoeopathy Central Council (Amendment) Act, 2020 25-09-2020

Some details of 7 crucial bills passed by the parliament in Monsoon Session that received presidential assent –

1. IIIT Amendment Bill

This bill declares five newly established Indian Institutes of Information Technology (IIITs) as institutes of national importance. These five IIITs set up under the public-private partnership (PPP) mode are situated in Surat, Bhopal, Bhagalpur, Agartala, and Raichur. Union education minister Ramesh Pokhriyal Nishank had introduced this bill on Monday. Under the provisions, these five IIITs along with 15 IIITs which are also built on PPP mode will be enabled to use the nomenclature of BTech, MTech, or Ph.D. degrees. It will also allow institutes to attract sufficient students that are required to strengthen research in the field of information technology.

2. Epidemic Diseases (Amendment) Bill

The bill ensures protection for healthcare workers. “The government took advice from various law experts before introducing this act. Under this act those who insult our corona warriors will be asked to pay fine or may even get jail term,” Union health minister Dr. Harsh Vardhan said in the Lok Sabha.

3. Essential Commodities (Amendment) Bill

The Essential Commodities (Amendment) Bill aims to remove cereals, pulses, oilseeds, edible oils, onion, and potatoes as essential goods. The bill was passed through a voice vote in the Upper House. The bill also seeks to remove fears of private investors of excessive regulatory interference in their business operations. Minister of state for consumer affairs, food, and public distribution Danve Raosaheb Dadarao said the amendment will boost investment in the agricultural sector and will create more storage capacities to reduce the post-harvest loss of crops.

4. Companies (Amendment) Bill

The Rajya Sabha passed the Companies (Amendment) Bill 2020, which amends 48 sections of the Companies Act 2013. Union finance minister Nirmala Sitharaman moved the bill for passing in the Upper House and said that amendments divided into two compartments are focused on decriminalization and increasing the ease of living.

5. Banking Regulation (Amendment) Bill

The Upper House passed amendments to the banking regulation act to bring cooperative banks under the supervision of the Reserve Bank of India (RBI). The Banking Regulation (Amendment) Bill, 2020, which comes in the backdrop of the PMC scam, aims to strengthen cooperative banks by increasing their professionalism, enabling access to capital, improving governance, and ensuring sound banking through the central bank. Union finance minister Nirmala Sitharaman said that the amendments have been brought to completely protect the interest of depositors.

6. The National Forensic Sciences University Bill

The National Forensic Sciences University Bill, 2020 was moved in the Upper House by the minister of state for home, G Kishan Reddy. It aims to firstly establish Gujarat Forensic Sciences University and Lok Nayak Jayaprakash Narayan National Institute of Criminology and Forensic Sciences, New Delhi under one name called the National Forensic Sciences University in Gujarat. It also promotes studies in the field of forensic science amid an increasing rate of crime across states.

7. Rashtriya Raksha University Bill

Another bill moved by Reddy, the Rashtriya Raksha University Bill seeks to upgrade Raksha Shakti University in Gujarat with its changed name and as an institute of national importance. It imparts education in the field of professional security, strategic and defense-related matters.

What do you think?

Written by lawcrab

Lawcrab is the First Magazine focusing on making the law easier to understand for everyone.

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