The reserves have been rising on and off for a long time now. So far in 2024, they have risen by about USD 45-50 billion, on a cumulative basis. The buffer of foreign exchange reserves insulates domestic economic activity from global spillovers.
Lok Sabha on Friday passed the Bharatiya Vayuyan Vidheyak, 2024, through a voice vote, after discussion and a reply from the Civil Aviation Minister Rammohan Naidu.
A 31-member Joint Parliamentary Committee including 21 Lok Sabha MPs and 10 Rajya Sabha MPs has been constituted to look into the Waqf (Amendment) Bill, 2024.
The current Bill proposes to simplify the legal framework by incorporating the proposals of the Indian Railway Board Act, 1905 in the Railways Act, 1989. This will reduce the need to refer to two laws. Instead reference will be required only to one law.
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among o
As the Waqf (Amendment) Bill, 2024 was tabled in the Lok Sabha by the Union government today, the Congress denounced the bill as "draconian" and an "attack on the Constitution," adding that "this is a draconian law and a fundamental attack on the Constitution."
Congress MP Gaurav Gogoi on Thursday criticized the BJP for introducing the Waqf (Amendment) Bill and said that religious matters are very sensitive and government should not make decisions in a hurry.
Earlier, AIMIM Chief and Hyderabad MP, Asaduddin Owaisi said on Tuesday that there are a lot of dangerous sections and it is not legislation but something to bulldoze Waqf and finish Muslims.