The Banking Regulation (Amendment) Bill, 2020 was passed in the Lok Sabha on Wednesday. The bill, moved by Finance Minister Nirmala Sitharaman, seeks to bring cooperative banks under the supervision of the Reserve Bank of India (RBI). It replaces an ordinance the Union Cabinet had approved in June. “We are trying to bring this amendment to protect the depositors. As in some unfortunate situation in banks, depositors are put to hardship,” said Sitharaman.
Earlier today, Congress leader Anand Sharma questioned Union health minister Harsh Vardhan’s claim that the lockdown prevented approximately 14 to 29 lakh COVID-19 cases and 37,000-78,000 deaths in the country and asked the government to explain the basis of the claim. “Yesterday, the health minister said that this decision (lockdown) prevented approximately 14 to 29 lakh COVID-19 cases & 37,000-78,000 deaths. The house must be informed what is the scientific basis on which we’ve reached this conclusion,” Sharma said in Rajya Sabha.
Parliament Wednesday passed a bill to accord the status of an institution of national importance to a Jamnagar-based cluster of Ayurveda institutes. The Bill – ‘The Institute of Teaching and Research in Ayurveda Bill, 2020′ – was passed by a voice vote in Rajya Sabha.
Lok Sabha, will see Agriculture Minister Narendra Singh Tomar will 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.
On Tuesday, Defence Minister Rajnath Singh addressed the Lok Sabha on the border tensions between India and China, during which he said till now, there has been no mutually acceptable solution between the two countries. “China doesn’t recognise the traditional and customary alignment of the boundary. We consider that this alignment is based on well established geographical principals,” he said.