Nirmala Sitharaman To Move Banking Laws Amendment Bill In Lok Sabha Today
NDTV
It seeks 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.
Union Finance Minister Nirmala Sitharaman will today move the Banking Laws (Amendment) Bill in the Lok Sabha, which seeks 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.
Union Ports, Shipping and Waterways Minister Sarbananda Sonowal will introduce the Carriage of Goods by Sea Bill and the Bills of Lading Bill.
The first bill seeks to provide for the responsibilities, liabilities, rights and immunities attached to carriers with respect to the carriage of goods by sea and for matters connected therewith or related thereto. While the Bills of Lading Bill seeks 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 by reason of a consignment or an endorsement, and for matters connected therewith or related thereto".
