Lok Sabha passes Banking Regulation Bill; house adjourned

19:38 September 16

The Lok Sabha has been adjourned till 3 PM tomorrow

19:32 September 16

The Banking Regulation (Amendment) Bill, 2020 passed by Lok Sabha.

19:32 September 16

BJP's Tejasvi Surya mentioned the gold smuggling scam in Kerala and accused ministers in the government of nepotism. He further alleges police brutality on protesters, including women, in Kannur. Surya also compared the leadership in Kerala with that of North Korea. 

19:30 September 16

TMC MP Nusrat Jahan urges Centre to sanction relief packages for entertainment industry

Actor and Trinamool Congress (TMC) Lok Sabha MP Nusrat Jahan on Wednesday urged the government to sanction relief packages for the entertainment industry stating that it has borne the brunt of measures triggered by the novel coronavirus. 

Speaking in the Lower House, she said that the industry is facing a huge financial crisis and people associated with it have become jobless. "The government of various states announced a complete lockdown of public places like theatres in March 2020. This was followed by a social distancing advisory issued by the Ministry of Health and Family Welfare, Government of India (MoHFW) on March 16, 2020. These measures have led, not only shutdown of several theatres countrywide but also indefinite halt in production of several films, television, and other entertainment mediums," Jahan said.

17:34 September 16

China resorting to digital aggression, create an impregnable firewall: Adhir Ranjan Chowdhury

Congress in Lok Sabha Adhir Ranjan Chowdhury on Wednesday said that several Indian leaders and people from other sections of society were under surveillance by China and urged the government to create 'an impregnable firewall' to resist the 'menacing syndrome' of 'digital aggression'. 

Raising the issue in the Lok Sabha, Chowdhury said coronavirus came from China and the neighbouring country has also resorted to aggressive moves in eastern Ladakh. "From President, Prime Minister to common people, all are under Chinese surveillance. I don't know if we have any way out. Coronavirus came to India from China, China is doing physical aggression in Ladakh and now it is doing digital aggression," Chowdhury said.

17:11 September 16

Leave corporate sector alone Ms Sitharaman, urges Congress

Congress Member Manish Tewari said that the Finance Minister must withdraw the Banking Regulation (Amendment) Bill and urged to table the bill again after discussing with other leaders.

Tewari further urges the government to leave the co-operative sector alone. State governments are more than competent to discharge their responsibilities, the Bill is a frontal assault on federalism, he adds.

16:47 September 16

Banking Regulation (Amendment) Bill to save depositors money: FM

While speaking on the Banking Regulation (Amendment) Bill, Finance Minister Nirmala Sitharaman said that societies which function as banks should come under same rules as commercial banks and be subjected to better governance, regulation by the RBI. She adds that the Bill further provides for reconstruction to save depositors money.

16:19 September 16

Sitharaman moves Banking Regulation Bill in Lok Sabha

Finance Minister Nirmala Sitharaman moves Bill to amend the Banking Regulation Act, 1949 "We are trying to bring this amendment to protect the depositors. As in some unfortunate situation in banks, depositors are put to hardship," FM Sitharaman

15:57 September 16

Malkajgiri Congress MP Anumula Revanth Reddy said that the nine persons who were trapped inside the Srisailam Left Bank Hydel Power Station (SLBHP) of the Srisailam reservoir in Telangana and later succumbed in the fire accident were a result of the state government ignorance. He asserted that if the government had transferred the funds for the maintenance of the plant on time then the tragedy would not happen at such a large scale.

15:24 September 16

Farmers want clarification of their doubts: Fatehgarh Congress MP

Fatehgarh Congress MP Dr Amar Singh questions the manner in which the three farm ordinance bill was brought without having any consultation with farmers' organisations.

"The most affected are the farmers from Punjab," he says.

The farmers want clarification of their doubts; they fear that the multinationals will initially offer lucrative deals and then dominate the market, Singh said in Lok Sabha on Wednesday.

15:16 September 16

Media should stop 'parallel trial" in Sushant Rajput Case: Pratima Mondal

Taking strong objection to the coverage of the Sushant Singh Rajput case by the media, TMC leader Pratima Mondal said the media should adhere to the norms of journalistic conduct in covering cases under investigation and is advised not to carry out its own 'parallel trial'. 

The media should not narrate the story in a manner so as to induce the public to believe in the complicity of the person indicted, said Mondal.

 

14:40 September 16

LOk Sabha LIVE

Hyderabad:The Central government will move Banking Regulation (Amendment) Bill, 2020 along with two other Bills on farmers for their passage in the Lok Sabha on Wednesday during the ongoing Monsoon Session.

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 are the two other bills which will be moved after an hour of the House will assemble at 3 p.m. during the day.

Finance Minister Nirmala Sitharaman will move the Banking Regulation (Amendment) Bill, 2020 to amend the Banking Regulation Act, 1949 for consideration and passing.

Sitharaman will move the Bill with new amendments. On the first day of the session, Sitharaman withdrew the Bill saying "it is being withdrawn to add few new things giving Reserve Bank of India a chance to be able to restructure distressed cooperative banks, which are in serious need".

The Bill was passed on March 3 this year during the Budget Session and subsequently an ordinance was passed.

However, Agriculture Minister Narendra Singh Tomar will move the Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 for the creation of an ecosystem.

In the new ecosystem farmers and traders, as per the government, will enjoy the freedom of choice relating to sale and purchase of their produce which facilitates remunerative prices through competitive alternative trading channels to promote efficient, transparent and barrier-free inter-state and intra-state trade and commerce.

The farmers' produce will go outside physical premises of markets or deemed markets notified under various state agricultural produce market legislations to provide a facilitative framework for electronic trading.

Through the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020, the Agriculture Minister aimed at providing a national framework on farming agreements that protects and empowers farmers to engage with agri-business firms, processors, wholesalers, exporters or large retailers.

This move targets farm services and sale of future farming produce at a mutually agreed remunerative price framework in a fair and transparent manner.

Bills to be taken up in Lok Sabha today

• The Banking Regulation (Amendment) Bill, 2020
• The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020
• The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services, Bill 2020