Parliament Winter Session: The winter session of Parliament is starting from tomorrow. In this session, a bill including amendment in the Waqf law is included in the government’s agenda. According to sources, there may be an uproar in Parliament on the first day over the Waqf Bill.
The Waqf (Amendment) Bill, listed for discussion and passing, is currently being reviewed by a joint parliamentary committee, which is likely to be introduced during the winter session. Opposition members have demanded extension of the time limit of the committee.
Banking Amendment Bill
Apart from this, Banking Amendment Bill will be brought in Lok Sabha for passing in which bank account holders will be able to nominate 4 candidates instead of one. According to sources, there is a provision in the bill to increase the limit of substantial interest of the director, while reporting will be done on 15th and 30th instead of every second and fourth Friday.
The bill was introduced in August and is currently pending in the Lok Sabha. Its objective is to increase the security of depositors and convenience of customers in banks. The Bill proposes to allow account holders to nominate a maximum of four individuals for their accounts and lockers.
