She was responding to a debate on the Bankruptcy and Insolvency Code (Second Amendment) bill, 2020, in Rajya Sabha, which passed proposed legislation to replace an ordinance in this regard with voice vote. “The corporate debtor often has guarantors. Therefore, for comprehensive corporate insolvency resolution and liquidation, we felt that …
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“I like this condescension,” said Nirmala Sitharaman in an apparent attack on the Opposition (Archive) New Delhi: Confronting critics, Nirmala Sitharaman said on Friday that a “simple finance minister says Act of God is taken with sarcasm,” while the Latin word “force majeure” is well accepted. Speaking on Lok Sabha, …
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Written by Deeptiman Tiwary | New Delhi | Updated: September 19, 2020 1:22:36 am Lok Sabha: MoS Finance Anurag Thakur and Congressional MP Adhir Ranjan Chowdhary on the fifth day of the monsoon session of Parliament. (Source: YouTube Screengrab / Lok Sabha TV) The Lok Sabha was suspended four times …
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“We will discuss and take a call on how to borrow and solve the income deficit (GST). We have given you two options. If they are not acceptable to them, we will discuss it and find a solution. But that doesn’t mean we don’t want to compensate, “Sitharaman said in …
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“For the past two years, depositors in cooperative banks and small banks are facing problems. We are trying to introduce this amendment to protect depositors,” Finance Minister Nirmala Sitharaman said at Lok Sabha on Thursday. Commenting on the new bill, Mandar Agashe, founder, managing director and vice president of Sarvatra …
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Defense Minister Rajnath Singh said on Tuesday that China has been very clearly conveyed that any attempt to “unilaterally” change the status quo across LAC is not acceptable at all, although he acknowledged that India faces a “challenge” in the region. In a statement in Lok Sabha, Singh said there …
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To protect the interests of depositors, the Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill 2020 to bring cooperative banks under the supervision of the Reserve Bank of India (RBI). Finance Minister Nirmala Sitharaman assured the Chamber that the legislation empowers the central bank to regulate only the …
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Taking into account the deterioration of the situation of cooperative banks in the country, Lok Sabha approved the Banking Regulation Bill (Amendment) of 2020 on Wednesday. The Bill proposes amendments to the Banking Regulation Law of 1949. With This new bill, the central government aims to bring cooperative banks under …
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Finance Minister Nirmala Sitharaman presented the 2020 Banking Regulation Bill (Amendment) for discussion at the Lok Sabha on Wednesday. The amendment aims to bring cooperative banks under the supervision of the Reserve Bank of India to protect the interests of depositors. “We are trying to introduce this amendment to protect …
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NEW DELHI: Personal comments to the Minister of Finance Nirmala Sitharaman from Trinamool Congressman Saugata Roy on Lok Sabha on Monday provoked a strong reaction from the treasury banks with the minister of parliamentary affairs Pralhad joshi demanding your unconditional apology. Roy’s comments were deleted by Lok Sabha Speaker Om …
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