look news india
The government will present 5 new bills in the winter session of Parliament. Three bills related to the shipping sector have been included. These three bills are very important for the development of Indian shipping. 13 bills already introduced were listed for passage. Banking Law Amendment Bill and Waqf Bill are also included in this list. The central government is going to take another big step towards improving banking rules. The government is going to introduce the Banking Laws (Amendment) Bill, 2024.
12 bills were introduced in the first monsoon session of the 18th Lok Sabha. Four bills were also passed in these, which are as follows – Finance Bill 2024, Appropriation Bill 2024, Jammu and Kashmir Appropriation Bill 2024 and Indian Aircraft Bill. The monsoon session ran from 22 July to 9 August.
A new bill in this year’s winter session
In this bill, the number of successors in the bank account will be increased to 4, that is, now the account holder can nominate 4 people in his account. Finance Minister Nirmala Sitharaman will introduce the Banking Laws (Amendment) Bill, 2024 today.
The Union Cabinet approved this bill last Friday. Under which the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 were amended. . ) Act, proposed in 1980.