Nirmala Sitharaman will introduce a bill in the Lok Sabha today to amend the banking laws.
This proposed amendment aims to change the State Bank of India Act of 1955, the Reserve Bank of India Act of 1934, the Banking Regulation Act of 1949, the Banking Companies (Acquisition and Transfer of Undertakings) Act of 1970, and the Banking Companies (Acquisition and Transfer of Undertakings) Act of 1980.
New Delhi: The Banking Laws (Amendment) Bill, which aims to amend the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, will be introduced in the Lok Sabha today by Union Finance Minister Nirmala Sitharaman.
The Carriage of Goods by Sea Bill and the Bills of Lading Bill will be introduced by Union Ports, Shipping, and Waterways Minister Sarbananda Sonowal.
The first bill aims to outline the obligations, duties, privileges, and rights that carriers have in relation to the transportation of products by water, as well as any issues that may be associated with it.
The Bill of Lading seeks to provide regarding the "transfer of rights of suit and all liabilities to the consignee named in a bill of lading and every endorsee of a bill of lading, to whom the property in the goods mentioned in the bill of lading shall pass, upon or by reason of a consignment or an endorsement, and for matters connected therewith or related thereto" .
The updated schedule of business states that Railways Minister Ashwini Vaishnaw will present a bill in the Lower House that would further alter the Railways Act, 1989.
The day's Lok Sabha session will begin with obituary references to the deaths of Ramesh Rathod (Member, Fifteenth Lok Sabha), Sqn. Ldr. Kamal Chaudhry (Member, Eighth, Ninth, Tenth, and Twelfth Lok Sabhas), and Iqbal Ahmed Saradgi (Member, Thirteenth and Fourteenth Lok Sabhas).
The Union Minister of Information Technology, Mr. Vaishnaw, will address the Rajya Sabha on the status of implementing the recommendations in the 48th Report of the Parliamentary Standing Committee on Communications and Information Technology, which is titled "Citizen's Data Security and Privacy."
The status of implementing the recommendations found in the 27th Report of the Parliamentary Standing Committee on Communications and Information Technology on "Ethical Standards in Media Coverage" will be discussed by Union Minister of State, L. Murugan.
Additionally, he will discuss the progress made in putting the recommendations from the 47th Report of the Parliamentary Standing Committee on Communications and Information Technology, which examines the operation of the Central Board of Film Certification (CBFC), into practice.
As for the recommendations in the 67th Report of the Parliamentary Standing Committee on Agriculture, Animal Husbandry and Food Processing on "Scheme for Creation/Expansion of Food Processing and Preservation Capacities – An Evaluation," Union Minister of State Ravneet Singh is scheduled to speak.
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