NEW DELHI: Against the backdrop of huge farmer protests in Haryana and Punjab, Congress said Sunday that, along with like-minded opposition parties, they will oppose three ordinances on agriculture and one on banking regulation in the monsoon session of Parliament, as well as raising the issues of border tensions with China and the state of the Indian economy.
Congress argued that the abolition of the APMC, agro-mandis- will benefit agricultural traders rather than farmers and that the government is trying to circumvent its commitment to purchase food grains at its minimum support prices from the Food Corporation of India. .
The party’s opposition to the Banking Regulation Law, said senior deputy Jairam Ramesh, has five motives, the first being that it is against cooperative federalism, anti-state and anti-popular government. He also said cooperative banks should be regulated by the states, not by the Center. Congress said it opposes the ordinance because if it becomes law, all key financial intermediaries will be under the Center and will lead to further centralization, especially as it empowers the Center to change the financial and membership structure of banks. cooperatives. Ramesh also said that the ordinance gives RBI more regulatory responsibilities, and with RBI’s mixed performance on that front, there is no justification for doing so.
“While it is true that we do not have the numbers on Lok Sabha, we will do our best to ensure that these bills are referred to the Standing Committee for further scrutiny,” Ramesh said.
The prevailing situation in LAC and the state of the economy will also make the government and opposition parties go head-to-head.
During a virtual press meeting on Sunday, Ramesh alleged that India’s position towards China was “weakened” due to PM Modi’s own statement. “We need a discussion on China. The greatest damage to our cause came from the Prime Minister’s statement. The status quo ante has not been restored because of that. Parliament is a place for debate and discussion, not for running away, ”Ramesh said.
Congress argued that the abolition of the APMC, agro-mandis- will benefit agricultural traders rather than farmers and that the government is trying to circumvent its commitment to purchase food grains at its minimum support prices from the Food Corporation of India. .
The party’s opposition to the Banking Regulation Law, said senior deputy Jairam Ramesh, has five motives, the first being that it is against cooperative federalism, anti-state and anti-popular government. He also said cooperative banks should be regulated by the states, not by the Center. Congress said it opposes the ordinance because if it becomes law, all key financial intermediaries will be under the Center and will lead to further centralization, especially as it empowers the Center to change the financial and membership structure of banks. cooperatives. Ramesh also said that the ordinance gives RBI more regulatory responsibilities, and with RBI’s mixed performance on that front, there is no justification for doing so.
“While it is true that we do not have the numbers on Lok Sabha, we will do our best to ensure that these bills are referred to the Standing Committee for further scrutiny,” Ramesh said.
The prevailing situation in LAC and the state of the economy will also make the government and opposition parties go head-to-head.
During a virtual press meeting on Sunday, Ramesh alleged that India’s position towards China was “weakened” due to PM Modi’s own statement. “We need a discussion on China. The greatest damage to our cause came from the Prime Minister’s statement. The status quo ante has not been restored because of that. Parliament is a place for debate and discussion, not for running away, ”Ramesh said.
.
