Parliament Updates: Lok Sabha clears Banking Regulation (Amendment) Bill; House adjourned till 3 pm tomorrow – Politics News , Firstpost


Parliament LIVE Updates: The AIMIM leader questioned government’s selective intervention in the Yes Bank crisis but not for PMC. ‘SBI immediately flowed funds in Yes bank case, but not into PMC bank. What was RBI doing when Yes Bank happened?’, he asked

Parliament LATEST Updates: The banking sector has faced many large scale frauds, BSP MP Sangeeta Azad told the Lower House, but welcomed the Bill. Shiv Sena, too, supported the Bill saying they are looking for a quick resolution for PMC bank scam.

Congress leader’s tweet was a dig at Amit Shah who had earlier used the phrase “understand the chronology” for CAA and NRC implementation in India

Finance Minister Nirmala Sitharaman on Wednesday said that in the past two years, depositors of co-operative and small banks have been put to hardships, the amendment is being brought to protect the interest of depositors.

BJP MP from Karnataka accused ministers in Kerala govt of nepotism and alleged police brutality on protesters, including women, in Kannur.

Agriculture Minister Narendra Singh Tomar will also move two bills — The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020

DMK’s Tiruchi Siva, Samajwadi Party’s Ravi Prakash Verma and TMC’s Derek O’Brien were among the members from the Opposition Benches who said that the response to COVID-19 was hampered due to Donald Trump’s visit to India.

O’Brien pointed out two contrasting images from the pandemic – one of the only woman Chief Minister marking social distancing circles in a bazaar and the second of a garden and a peacock.

Citing a news report, Congress MP KC Venugopal said that a tech company with links to Chinese government is tracking over 10,000 Indians in its global database of foreign targets.

Congress MP Digvijaya Singh raised concerns over increasing prices of oxygen during the COVID-19 pandemic and shortage of oxygen.

Leader of Opposition Ghulam Nabi Azad said Jammu and Kashmir has seen no tourism, employment opportunities and economic activities since the Abrogation of Article 370 in August 2019.

On the third day of the Parliament’s Monsoon Session, the Rajya Sabha will debate the The Salaries and Allowances of Ministers (Amendment) Bill, 2020. The Bill, which was passed by the Lok Sabha on Tuesday, lists a 30 percent cut in the salaries of members of Parliament for this year in view of the coronavirus pandemic.

Health minister Harsh Vardhan will also introduce The Institute of Teaching and Research in Ayurveda Bill, 2020 and The Homoeopathy Central Council (Amendment) Bill, 2020. The Indian Medicine Central Council (Amendment) Bill, 2020 will also be taken up for consideration and passing.

Finance minister Nirmala Sitharaman will introduce The Banking Regulation (Amendment) Bill, 2020,which would bring cooperative banks under RBI’s ambit, in the Lok Sabha. The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 will also be introduced for consideration and passing.

Defence minister Rajnath Singh said in the Lok Sabha that India is “very serious about issues of sovereignty” and the country is prepared for “all contingencies” to ensure that it is maintained, in what was seen as a strong warning to China amid repeated transgressions at the Line of Actual Control.

The Essential Commodities (Amendment) Bill, 2020 – was also passed in the Lower House on Tuesday. While the Essential Commodities (Amendment) Bill 2020 seeks to deregulate food items, including cereals, pulses and onion, a move aimed at transforming the farm sector and raising farmers’ income, the Congress described it as a direct and deliberate assault by the Centre on the farmers’ interests.

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