Parliament updates: Lok Sabha passes The Banking Laws (Amendment) Bill, 2024

Parliament winter session news updates: Catch all the latest news developments related to the proceedings in the Parliament here

8:10 PM

Lok Sabha adjourned till tomorrow

After passing the Banking (Amendment) Bill, the presiding officer adjourned the house till tomorrow.

7:37 PM

Lok Sabha passes Banking Laws (Amendment) Bill allowing 4 nominees in bank accounts

The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The Bill piloted by Finance Minister Nirmala Sitharaman was approved by a voice vote. 

7:25 PM

FM Sitharaman addresses concerns of opposition on Banking (Amendment) Bill

Sitharaman addressed a concern that member Dr. Rani Shankar raised, saying that basic account holders and Jan Dhan holders are not being penalised. She further addressed the issue of cyber fraud. She said that the Indian Cyber Crime Coordination Centre is working to redress the issue, and also highlighted the cyber crime hotline set up by authorities.

7:22 PM

Not even one employee removed due to amalgmation, says FM Sitharaman

FM Nirmala Sitharaman on Tuesday clarified that only successive nomination will be allowed. She said that the amendment seeks to extend the tenure of the director of co-operative banks to 10 years. 

7:21 PM

68% of the Mudra loans go to women, highlights FM Sitharaman

Replying to discussions on Banking (Amendment) Bill, FM Sitharaman shared that 68 per cent of the Mudra loans go to women, and that 44 per cent of Svanidhi is also going to women. She highlighted that there are more than one lakh Bank Mitras who are women, from a total of 12 lakh.

6:44 PM

All public sector banks are profitable, says FM Sitharaman

Replying to discussions on Banking (Amendment) Bill, FM Sitharaman said that all public sector banks are profitable; total profit was Rs 85,520 crore in first half of current fiscal.

6:42 PM

53 cr Jan Dhan accounts have total deposits of Rs 2.37 trillion, says FM Sitharaman

Replying to discussions on Bnking (Amendment) Bill, FM Sitharaman said that 53 crore Jan Dhan accounts have total deposits of Rs 2.37 trillion, ande average balance per account has  risen to Rs 4,397 from Rs 1,065 in 2014.

6:12 PM

Rajya Sabha proceedings adjourned for the day

After taking special mentions during the proceedings, the Rajya Sabha chair adjourned the house for the day.

5:50 PM

AAP MP Raghav Chadha highlights issues faced by air travellers

Seeking regulation of food prices at airports, AAP MP Raghav Chadha on Tuesday asked the government to make the 'dream of air travel' possible for the common man. “Air tickets are very costly and air travel is a dream for the common man. The overcrowding in airports is worse than bus and rail stations,” he said.

5:16 PM

Opposition MPs hold protest over Adani issue in Parliament

Several INDIA bloc MPs on Tuesday staged a protest demanding an investigation into the Adani issue through a joint parliamentary committee.

4:56 PM

Speaker agrees to expunge 'Indira Gandhi's name' after Opposition protests against Sambit Patra's remark

Parliamentary Affairs Minister Kiren Rijiju defended Sambit Patra's remark on Indira Gandhi, stating that the House should function according to the established order.

4:50 PM

Bharatiya Vayuyan Vidheyak tabled in Rajya Sabha

The Lower House has already passed the Bill in the previous Monsoon session. Union Civil Aviation Minister Kinjarapu Rammohan Naidu tabled the bill for debate and passage. 

3:49 PM

Banking Laws (Amendment) Bill to strengthen governance, enhance customer convenience: FM

The changes proposed through the Banking Laws (Amendment) Bill, 2024, will strengthen governance in the sector and enhance customer convenience, Finance Minister Nirmala Sitharaman said on Tuesday. Moving the bill for consideration and passing in the Lok Sabha, the Minister said a total of 19 amendments are being proposed to bring changes in 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.

2:45 PM

Despite logistical challenges and Covid, forces countered Chinese troops: Jaishankar

After Galwan Valley clashes, we were addressing situation that not only saw fatalities but events that needed heavy weaponry deployment, EAM S Jaishankar said.

2:28 PM

Amassing of troops by China in eastern Ladakh in 2020 resulted in face-offs at number of points: S Jaishankar

We remain committed to engaging with China to arrive at fair, mutually acceptable framework for boundary settlement, Jaishankar said in the Lok Sabha today. 

 

2:20 PM

EAM S Jaishankar speaks on India-China relations in Lok Sabha

Recent developments that reflect continuous diplomatic engagements have set Indo-China ties in direction of some improvement, S Jaishankar stated today in the Lok Sabha. 

2:16 PM

Sambhal violence a pre-planned conspiracy: Samajwadi Party MP Akhilesh Yadav

"This was a pre-planned conspiracy, there were discussions on the by-elections and how votes were robbed. Muslims were not allowed to vote in Kundarki, Meerapur and Katehari. So that discussions regarding elections do not take, the Govt planned this incident," Samajwadi Party chief Akhilesh Yadav said today.

1:09 PM

Wayanad has not received financial support from the Centre, says Priyanka Gandhi Vadra

"Not additional funds, (we have asked) for any kind of financial support. People of Wayanad have not got financial support from the Centre. They have got very little financial support. I also want to know what is the action plan," says Congress MP Priyanka Gandhi Vadra.

12:40 PM

LIVE news update: Opposition MPs return to participate in Question Hour

12:36 PM

Violence in UP's Sambhal pre-planned: SP chief Akhilesh Yadav

Samajwadi Party chief Akhilesh Yadav blamed the BJP for the violence in Sambhal, adding that the clashes were meant to disturb communal harmony.

12:07 PM

Investigation needed in Adani case: Karti Chidambaram on India bloc' protest

"There has to be an investigation. The allegations are made in another country but the allegations pertain to acts which have happened here. So, isn't it incumbent upon us to verify the veracity of those allegations? This has far-reaching consequences. Those allegations might be false but only an investigation can prove it one way or the other," says Congress MP Karti Chidambaram says.

11:56 AM

Parliament LIVE news updates: Opposition walks out of Lok Sabha

11:52 AM

Bengal govt committed crime of changing name of Pradhan Mantri Awas Yojana: Shivraj Singh Chauhan

"The government of West Bengal has committed the crime of benefiting certain people by reducing big works to small ones. Under this scheme, ineligible people were made eligible and eligible people were made ineligible, this has been proved, the names of rural development schemes have been changed. They have committed the crime of changing the name of Pradhan Mantri Awas Yojana and keeping their own name. Even under the same scheme, ineligible people were given benefits and eligible people were left out," Union Minister Shivraj Singh Chouhan said in the Lok Sabha.

11:28 AM

INDIA bloc MPs hold protest over Adani indictment on Parliament premises

MPs of the Congress, AAP, RJD, Shiv Sena (UBT), DMK and the Left parties among others raised slogans against Prime Minister Narendra Modi and  protested on the Parliament premises on Tuesday over the Adani issue and reiterated their demand for a joint parliamentary probe into the matter. Leader of Opposition in the Lok Sabha Rahul Gandhi, AAP's Sanjay Singh, and RJD's Misa Bharti also participated in the protest on the steps leading to the Parliament's Makar Dwar.

11:15 AM

Will make all efforts from our end to enable functioning of the House, says Renuka Chowdhury

"We make all efforts from our end to run the House because the public expects us to raise their voice here strongly. If the Govt wants to run the House, it will function. If they do not want that, then everyone knows what the conspiracy is. It is not our responsibility to run the House, those who are sitting on Chair and holding positions are responsible for doing this," Congress MP Renuka Chowdhury said today.

11:11 AM

Proceedings start in both houses

Proceedings in both houses begin amid protests by opposition MPs outside Parliament building.

10:56 AM

Wayanad MP Priyanka Gandhi joins INDIA bloc MPs' protest on Adani issue

Congress leader Priyanka Gandhi Vadra joined the MPs of INDIA bloc who are protesting over Adani matter, at the Parliament premises

10:39 AM

AAP MPs moves adjournment motion in RS seeking to discuss 'rise in crimes' in Delhi

AAP MPs have submitted a Suspension of Business notice in Rajya Sabha under rule 267 on Tuesday, seeking to discuss the "deteriorating" law and order situation in the national capital.