Punjab Assembly Passes Agriculture Indebtedness Bill

Punjab Assembly has a passed a bill that provides relief to the farmers. The Punjab Settlement of Agricultural Indebtedness Bill, 2016. The bill specifies that the interest payable on debt shall be calculated at such rate as may be notified by the government.

According to the new bill, the interest rates on debts will be calculated by the state government. This would be in accordance with the interest rates charged by banks on yearly basis. The resolution was moved by Congress leader Laal Singh and endorsed by Parliamentary Affairs Minister Madan Mohan Mittal of the BJP. It was later adopted by the House unanimously.
Extra info:

  • The 2011 census revealed that around 6% of the total population of India is elderly people and with increase in life expectancy it will grow further in future

  • pension of former MLAs from Rs 10,000 to Rs 15,000.
  • Chief minister of is punjabParkash Singh Badal.

So lets do:

  • Who is the Chief Minister of Punjab?
  • Which state Assembly passes Agriculture Indebtedness Bill?

Source – The Hindu


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