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Sep 16, 2020 07:50 PM IST | Source: Moneycontrol.com
Parliament Monsoon Session Highlights | Banking Regulation (Amendment) Bill, 2020 passed in Lok Sabha
Parliament Monsoon Session 2020 Highlights: The 18-day Monsoon Session of Parliament is being held amid unprecedented precautionary measures against COVID-19 due to a continuing spike in cases.
Parliament Monsoon Session 2020 LIVE: Today was the third day of the 18-day Monsoon Session of Parliament that began on September 14, under the shadow of the ongoing COVID-19 pandemic. The session is being held amid many firsts, including sitting of the two Houses in shifts without any off day, entry only to those having a negative COVID-19 report and compulsory wearing of masks during the session. Barring on the first day, Rajya Sabha will convene in morning shift from 9 am till 1 pm, and Lok Sabha in evening shift from 3 pm to 7 pm. It will continue till October 1. For the Monsoon Session, the government has listed 38 new legislations for consideration and passage including 11 bills replacing ordinances. There are also 20 other bills pending in either Lok Sabha or Rajya Sabha. The issues of ongoing standoff along the Line of Actual Control (LAC), government's handling of the novel coronavirus pandemic and economic slowdown are likely to dominate the session with the opposition demanding a discussion on them. Catch the latest updates here:
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highlights
All-party meet begins
Manmohan Singh, P Chidambaram, others, may miss the RS session
Fin Min moves resolution to pass the Banking Regulation Bill
Bills to be taken up in Lok Sabha today
Govt should have coordinated with states
Rajya Sabha passes the Institute of Teaching and Research in Ayurveda Bill, 2020.
Rajya Sabha to discuss COVID-19
Parliament Monsoon Session 2020 LIVE | Banking Regulation (Amendment) Bill, 2020 passed in Lok Sabha. House adjourned for the day.
Parliament Monsoon Session 2020 LIVE | FM shares statistics: -430 coop banks de-licensed, liquidated over last 2 decades; -Compares this data with commercial banks; -Not a single bank under Banking Regulation Act liquidated; -Issuance of shares in interest of bank and depositor.
Parliament Monsoon Session 2020 LIVE | Responding to the debate, Finance Minister Nirmala Sitharaman clarifies that the Bill does not mean regulation of cooperative banks by Central government. She also said that the RBI supervision is not new and it has been regulating cooperative banks since 1965. Parliament competent to legislate on Banking under Entry 45 List 1.
JUST IN | Union Defence Minister Rajnath Singh to make a statement on India-China border issue, in the Rajya Sabha tomorrow. (ANI)
He had made a statement on the ongoing border row, in the Lok Sabha on September 15.
Parliament Monsoon Session 2020 LIVE | On the Banking Regulation (Amendment) Bill, AIMIM leader Asaduddin Owaisi asks the government why it intervened in the Yes Bank crisis but not in the case of the PMC Bank crisis.
Parliament Monsoon Session 2020 LIVE | "The Banking Regulation (Amendment) Bill, 2020 goes against cooperative societies established under West Bengal Act, 2006 related to it. The Bill doesn't allow for issuance of bonds without permission of the state government. The Bill intrudes in the state power," AITC MP Nusrat Jahan in Lok Sabha
Parliament Monsoon Session 2020 LIVE | The crucial meet between the government and opposition leaders begins. Rajnath Singh, Piyush Goyal, Pralhad Joshi, Thawarchand Gehlot, Arjun Meghwal and V Muraleedharan from ruling BJP, Anand Sharma and Ghulam Nabi Azad from the Congress present. The meeting will discuss the passage of key bills. The Congress is expected to push for a debate on India-China standoff in Ladakh.
Parliament Monsoon Session 2020 LIVE | "At present, around 550 tariff lines are under "restricted/prohibited' category for imports under Foreign Trade Policy, which are restricted from all countries, including China," Union Commerce Minister Piyush Goyal in a wriiten reply to a question in Lok Sabha.
Parliament Monsoon Session 2020 LIVE | Explained | Aircraft (Amendment) Bill 2020 gives teeth to DGCA, just like Companies Act 2013 did to SFIO
The 2013 Act empowered the Serious Fraud Investigation Office to make arrests. In a similar manner, the DGCA will now be empowered to keep a closer check on erring airlines and airport operators
Parliament Monsoon Session 2020 LIVE | Speaking in Rajya Sabha on Banking Regulation (Amendment) Bill, 2020, Congress MP Manish Tewari urges the Finance Minister to withdraw the Bill as it will be a frontal assualt on federalism. "State governments are capable of discharging their functions with respect to regulating cooperative banks," he said.