New Delhi, March 28
President Ram Nath Kovind gave his assent to the National Capital Territory of Delhi (Amendment) Act, 2021 on Sunday.
As per the new amendment, the expression "Government" referred to in any law to be made by the Legislative Assembly shall mean the Lieutenant Governor.
Further, the President has also given his accent to National Bank for Financing Infrastructure and Development Act, 2021 and the Finance Act 2021 on Sunday.
The National Bank for Financing Infrastructure and Development Act, 2021 is designed to establish the National Bank for Financing Infrastructure and development to support the development of long term non-recourse infrastructure financing in India including the development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure and for matters connected therewith or incidental thereto.
The Finance Act is formed to give effect to the financial proposals of the Central Government for the financial year 2021-2022.
Disclaimer: This story was supplied by an external content provider; we do not endorse or accept responsibility for its accuracy, completeness, or any outcomes from relying on it. It is for informational purposes only and does not constitute legal, financial, medical, or other professional advice. Laws and regulations vary and may change; readers should verify accuracy and compliance with local requirements and consult a qualified professional for tailored guidance.