Lok Sabha Passes Two Bills Amid Protests

The two Bills passed in the Lok Sabha on Monday were the Factoring Regulation (Amendment) Bill, 2020 and the National Institutes of Food Technology, Entrepreneurship and Management Bill, 2021.

The Lok Sabha on Monday passed the Factoring Amendment Bill and National Institute of Food Technology Bill without debate amid protest over various issues, including the Pegasus snooping controversy. Moving the Factoring Regulation (Amendment) Bill, 2020 for consideration and passage, Finance Minister Nirmala Sitharaman said the changes in the legislation are aimed at helping the MSME sector. The amendments to the factoring law are based on the recommendations of the UK Sinha Committee.She further said the government has accepted the recommendations of the Standing Committee which had last year scrutinised the bill. The bill was approved by the Lok Sabha by voice vote without any debate.