New Delhi [India], March 25 (ANI): The Budget Session of Parliament will resume on Wednesday with key bills such as The Banking Laws (Amendment) Bill 2024, the Protection of Interests in Aircraft Objects Bill, 2025 set to be moved in Rajya Sabha while Union Home Minister Amit Shah will move The “Tribhuvan” Sahkari University Bill, 2025 in the Lok Sabha.
According to the list of businesses, Union Finance Minister Nirmala Sitharaman will move the Banking Laws (Amendment) Bill in the Rajya Sabha. This bill, passed in the Lok Sabha in December of last year, seeks to improve governance standards and ensure consistency in banks’ reporting to the Reserve Bank of India.
The amendments will also ensure better protection for depositors and investors and improve the quality of services in public-sector banks.
The proposed amendments seek to increase the tenure of directors other than the chairperson and full-time directors in cooperative banks from eight years to ten years.
Additionally, Home Minister Amit Shah will move the “Tribhuvan” Sahkari University Bill to establish the Institute of Rural Management Anand as a University to be known as the “Tribhuvan” Sahkari University.
The bill also aims to declare the same as an institution of national importance and to impart technical and management education and training in the co-operative sector.
It also emphasises to promote co-operative research and development and to attain standards of global excellence therein in order to realise the vision of “Sahkar Se Samriddhi” and to strengthen the co-operative movement in the country through a network of institutions, and also to declare the Institute as one of the Schools of the University, according to the list of businesses.
Union Aviation Minister Ram Mohan Naidu will move the ‘The Protection of Interests in Aircraft Objects Bill 2025’ in Rajya Sabha to provide for the protection of interests in aircraft objects.
The bill aims to implement the Convention on International Interests in Mobile Equipment and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, each signed at Cape Town on November 16, 2001.
On Tuesday, the Finance Bill 2025, the Boilers Bill 2024, and the tenure of the Joint Parliamentary committee on One Nation One Election was extended in the Lok Sabha while the Disaster Management Amendment Bill was passed in the Rajya Sabha. (ANI)
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