A bill to ban the financing of weapons of mass destruction and to empower the Center to freeze, seize or seize the financial assets and economic resources of those engaged in such activities was passed by the Lok Sabha on Wednesday.
Responding to a discussion on the Weapons of Mass Destruction and Means of Delivery (Prohibition of Unlawful Activities) Amendment Bill, External Affairs Minister S Jaishankar said the passage of the amendment will enhance security national identity of India and its global position.
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The House passed the bill by voice vote with members unanimously expressing that such a measure was the need of the hour. The Weapons of Mass Destruction and their Delivery Devices (Prohibition of Unlawful Activities) Act, passed in 2005, only prohibited the manufacture of weapons of mass destruction.
“Recently, the regulations on the proliferation of weapons of mass destruction and their means of delivery by international organizations have expanded,” Jaishankar said in the bill’s object and motive statements.
He noted that the targeted financial sanctions of the United Nations Security Council and the recommendations of the Financial Action Task Force have the mandate to combat the financing of the proliferation of weapons of mass destruction and their means of delivery.
(Edited by : Anand Singha)