FM Sitharaman moves Bill to amend Banking Regulation Act, 1949 in Lok Sabha

The 18-day monsoon session of the Parliament has begun and on September 15, the government in Rajya Sabha introduced as many as five bills, including on reduction in the remuneration of ministers and protection of healthcare professional in epidemic.

New Delhi: The 18-day monsoon session of the Parliament has begun and on September 15, the government in Rajya Sabha introduced as many as five bills, including on reduction in the remuneration of ministers and protection of healthcare professional in the epidemic.

The Parliament witnessed a fiery debate with Union Defence Minister Rajnath Singh giving a speech on the border row, while the opposition demanded information on migrant deaths as well as Bollywood’s nexus with drug traffickers. On Wednesday, the Defence Minister will give a statement in Rajya Sabha over the developments along the Line of Actual Control.

The Lok Sabha on Tuesday passed a Bill which has provisions to suspend the MP Local Area Development (MPLAD) funds for two years and for a 30 per cent deduction of salaries of all lawmakers. While, the Essential Commodities (Amendment) Bill, 2020 – was also passed in the Lower House of the Parliament Tuesday.

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16 September 2020

17:30 IST

Crimes of loot, murder & rape have gone up in Jharkhand. Since COVID situation, more than 75,000 cases of crime were registered. Acting DGP has been appointed against SC order. Request MHA to end the constitutional crisis there: Dr N Dubey, BJP MP-Godda, Jharkhand, in Lok Sabha pic.twitter.com/eQodbMXUAN

— ANI (@ANI) September 16, 2020

16:45 IST

Finance Minister Nirmala Sitharaman in Lok Sabha moves Bill to amend the Banking Regulation Act, 1949. She said, "We are trying to bring this amendment to protect the depositors. As in some unfortunate situation in banks, depositors are put to hardship. The financial status of 277 urban cooperative banks is weak. 105 cooperative banks are unable to meet the minimum regulatory capital requirement. 47 banks have a net worth in negative. 328 urban cooperative banks have more than 15% gross NPA ratio.

The financial status of 277 urban cooperative banks is weak. 105 cooperative banks are unable to meet the minimum regulatory capital requirement. 47 banks have net worth in negative. 328 urban cooperative banks have more than 15% gross NPA ratio: FM Sitharaman in Lok Sabha

— ANI (@ANI) September 16, 2020

16:02 IST

Congress MP Adhir Ranjan Chowdhury in Lok Sabha: China is indulging in digital aggression. Our national security is tattered. I request the IT Minister to build an impregnable firewall to resist this new menacing syndrome. The Minister should explain the issue in Parliament.

16:02 IST

Today, 270 Indian fishermen & around 1200 boats belonging to Gujarat, Maharashtra, Daman and Diu, are held by Pakistan. I request EAM to speak to Pakistan to start the process to bring back these fishermen: Lalubhai Patel, BJP MP from Daman and Diu, in Lok Sabha pic.twitter.com/Ecb2O5cnXI

— ANI (@ANI) September 16, 2020

15:08 IST

Participating in the discussion in the Rajya Sabha on the Covid-19 situation, the opposition alleged that the imposition of the nationwide lockdown was delayed because of the `Namaste Trump` event and to bring down the elected government in Madhya Pradesh. (IANS)

14:55 IST

The Centre said there has been no infiltration along the Sino-Indian border in the last six months, while 47 infiltration bids have been reported along the Indo-Pak border during the period. The Union Home Ministry also informed the Rajya Sabha that 594 attempts of infiltration into Jammu and Kashmir by Pakistani militants have been reported in the last three years, of which 312 were successful.

14:51 IST

Rajya Sabha has been adjourned till 9 am tomorrow. The Lok Sabha to convene at 3 pm.

14:46 IST

Union Minister of State (MoS) for Home Affairs, Nityanand Rai on Wednesday clarified that the Central government has no proposal to amend the Official Languages Act to include Scheduled languages other than Hindi and English as its official languages as suggested by the Supreme Court.The Minister clarified this in a written reply in Rajya Sabha to the unstarred question posed by Marumalarchi Dravida Munnetra Kazhagam (MDMK) founder and Member of Parliament (MP) Vaiko. (ANI)

13:42 IST

The Centre on Wednesday informed the Supreme Court that it would welcome any order for speedy trial of political leaders facing criminal charges and corruption cases. The central government said that the top court can fix a time frame for the competition of trials in pending cases against legislators, sitting and former. The Centre had recently informed the top court that there are nearly 4,442 cases pending against sitting and former MPs and MLAs in different courts of the country. Read more here

11:56 IST

Former Prime Minister Manmohan Singh and former Finance Minister P. Chidambaram have sought leave for remaining absent for the session on health grounds. Apart from Manmohan Singh and Chidambaram, Oscar Fernandes, Navneeth Krishnan, Narendra Jadhav and Sushil Gupta have also sought leave. (IANS)

11:52 IST

Parliament on 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 has already approved the bill in the last session, in which three Jamnagar, Gujarat-based institutes -- Institute of Post Graduate Teaching and Research in Ayurveda, Gulabkunwerba Ayurveda Mahavidyalaya and Institute of Ayurveda Pharmaceutical Sciences --would be conglomerated. (PTI) 

11:49 IST

The government on Wednesday said more than 30 vaccine candidates for coronavirus have been supported, and three of them are in advance stages of trials now, while four are in advanced pre-clinical development stage. Union Minister of State for Home Nityanand Rai also told the Rajya Sabha that 13 clinical trials of repurposed drugs have been undertaken to build a portfolio of therapeutic options for COVID-19 patients. "More than 30 vaccine candidates have been supported which are in different stages of development, 3 candidates are in advanced stage of Phase I, II, III trials and more than 4 are in advanced pre-clinical development stage," he said. (PTI) 

10:22 IST

Rajya Sabha to hold a discussion today on the statement made by Union Health Minister Dr Harsh Vardhan, on 15th September, regarding COVID-19 pandemic and the steps taken by the Government. (ANI)

10:20 IST

Amid simmering tension between India and China along Line and Actual Control (LAC) in Eastern Ladakh, some suspicious Chinese activities have been noticed along Uttrakhand border. Sources told Zee Media that a hut-like structure has been spotted recently near Tinkar-Lipu pass of Nepal in Chinese side. It is believed China is engaged in construction activity in Cinese side General Area Jojo village Champa Maidan. Notably, the Jojo village is around -8 kms from Tinkar-Lipu pass of Nepal. Read more here