Скачать с ютуб What We Know About Banking Laws (Amendment) Bill 2021 For Bank Privatisation | Parliament в хорошем качестве

What We Know About Banking Laws (Amendment) Bill 2021 For Bank Privatisation | Parliament

The Winter session of Parliament, which started yesterday (29 November) will also see the introduction of the Banking Laws (Amendment) Bill 2021 aiming to privatise two public sector banks. The Bill is among the list of 26 such proposed legislations which are scheduled to be introduced during the session. During the Budget 2021-22 speech, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks as part of the government's aim to garner Rs 1.75 lakh crore in the current fiscal year via disinvestment. The purpose of the Bill states that in order to privatise the two public sector banks, amendments need to be made in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980, along with incidental amendments to the Banking Regulation Act, 1949. These laws had led to the nationalisation of banks, therefore, their relevant provisions have to be changed to pave the way for privatisation. The Banking Laws (Amendment) Bill 2021 is listed for introduction, consideration as well as passing during the forthcoming Winter session. The Bill is expected to lower the minimum government holding in public sector banks (PSBs) to 26 per cent from 51 per cent. While the centre is yet to announce the name of the two banks, on 24 November, the shares of Indian Overseas Bank (IOB) and Central Bank of India dropped, amid speculations that, as per the suggestion of NITI Aayog, the government had made a decision to privatise them. Currently, the process of strategic disinvestment—sale of substantial portion of government shareholding in identified central public sector enterprises (CPSEs), up to 50 per cent or more, along with transfer of management control—is undertaken through a consultation process among different ministries and departments, including NITI Aayog. #BankPrivatisation #Parliament #WinterSession #Privatisation #PublicSectorBank Subscribe to Swarajya on YouTube. Get a Swarajya subscription: https://subscriptions.swarajyamag.com... Website: https://swarajyamag.com/ Twitter:   / swarajyamag   Facebook:   / swarajyamag