BANKING AMENDMENT BILL IN LS TODAY

Jaishankar to make statement on developments in India-China ties, Vaishnaw, Sonowal, among other ministers also to move Bills to amend different laws

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Union Finance Minister Nirmala Sitharaman is expected to move the Banking Laws (Amendment) Bill, 2024 in the Lower House of Parliament on Monday. As per the schedule issued by the secretariat, Sitharaman is expected to move the Bill further 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, be taken into consideration and passing tomorrow in Lok Sabha. Union Railways Minister Ashwini Vaishnaw is also expected to move a bill further to amend the Railways Act, 1989, for consideration and passing, the schedule read. Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal is expected to introduce the Coastal Shipping Bill, 2024, in Lok Sabha on Monday. The Bill will seek to amend the law relating to regulation of coastal shipping, promote coastal trade and encourage domestic participation therein, to ensure that India is equipped