Nirmala Sitharaman to introduce new bills to amend banking laws today

Edited and posted by Al Ngullie
August 9,2024 01:43 PM
HORNBILL TV

Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among others.

New Delhi [India], August 9 (HBTV): As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among others in the Lok Sabha on Friday. 

The finance minister will also introduce Bills to amend the Banking Companies (Acquisition and Transfer of Undertakings) Act, of 1970, and the Banking Companies (Acquisition and Transfer of Undertakings) Act, of 1980. 

According to the revised list of business for Lok Sabha, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal will introduce a Bill to provide for the responsibilities, liabilities, rights, and immunities attached to carriers concerning the carriage of goods by sea and for matters connected with or related. 

He will also introduce a Bill to make provisions for the transfer of rights of suit and all liabilities to the consignee named in a bill of lading and every endorsee of a bill of lading, to whom the property in the goods mentioned in the bill of lading shall pass, upon or because of a consignment or an endorsement, and for matters connected therewith or related thereto.

(ANI)