The Union Cabinet has approved the proposal for the withdrawal of all three new agricultural laws. Prime Minister Narendra Modi had announced the withdrawal of these three laws five days ago (November 19) on the day of Guru Parv. After the approval of the cabinet, the proposal to withdraw the law will be passed in both the houses in the winter session of Parliament. After this, all the three agricultural laws, which became the reason for the farmers' movement, will be abolished.
In his address to the nation on Friday, Prime Minister Modi had announced to withdraw all three agricultural laws. He had said that the government had brought this law in the interest of farmers with a good intention, but we failed to convince some farmers. The Prime Minister said that the process of withdrawing the laws would be initiated in the next Parliament session. At the same time, according to experts, this process can be completed at least 3 days after the commencement of the Parliament session. The Parliament session is to begin on November 29.
The three new agricultural laws were approved by the Lok Sabha on September 17, 2020. The President signed the proposal of the three laws on 27 September. Since then, farmers' organizations started agitation against agricultural laws. According to constitution expert Virag Gupta, the process of withdrawing any law will also be in the same way as a new law is made.
At the same time, there is talk of tightening the screws on cryptocurrencies from the central government. This can also be discussed in today's cabinet meeting. After this news, most of the cryptocurrencies are seeing a decline. This morning at 10 am bitcoin is seeing a drop of more than 17%. For cryptocurrencies, the government is set to introduce a bill to regulate cryptocurrencies in Parliament in the winter session. The bill seeks to ban all types of private cryptocurrencies.
