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Parliament Winter Session Day 5: Key Bills on Banking Laws, Railway Act, and Healthcare in Focus

Parliament Winter Session Day 5: Key Bills on Banking Laws, Railway Act, and Healthcare in Focus

Parliament

New Delhi: The fifth day of the Parliament Winter Session 2024 is set to witness significant legislative business as both the Lok Sabha and Rajya Sabha convene amid ongoing protests and adjournments.

The day’s agenda features crucial Bills related to banking laws, the Railway Act, and a focus on healthcare and textile industries.


Key Highlights of the Day

1. Lok Sabha Agenda

The Lok Sabha has a packed schedule, with debates, legislative considerations, and private members’ business taking center stage.

a. Statement on Health and Medical Devices
b. Banking Laws (Amendment) Bill, 2024
c. Railways (Amendment) Bill, 2024
d. Elections to AIIMS Committees
e. Government Business Update

2. Rajya Sabha Agenda

The Upper House will also tackle critical issues, including private members’ legislative business and important government statements.

a. Suspension of Business Notice by AAP MP Sanjay Singh
b. Statements on Textile Industry Reports
c. Government Business Plan
d. Private Members’ Legislative Business

Legislative Significance

Banking Laws Amendment Bill

The proposed amendments aim to modernize banking regulations, boost the Reserve Bank of India’s oversight, and streamline operational processes for public sector banks.

Railways Amendment Bill

The amendments to the Railways Act, 1989 are crucial for improving:

Healthcare Focus

The Standing Committee’s 138th Report underscores the need for robust regulations in the medical device sector, addressing long-standing issues of quality, affordability, and accessibility.


Private Members’ Bills

Private members will propose their own legislative measures on pressing issues, providing a platform for MPs to bring attention to critical topics outside the government’s immediate agenda.


Protests and Challenges

Despite the legislative focus, repeated adjournments and protests since the session’s start on November 25 have disrupted proceedings. Both Houses have seen heated exchanges over various national issues, including crime rates, economic concerns, and policy implementation.


Conclusion

The fifth day of the Parliament Winter Session 2024 promises to be a decisive one, with major legislation on banking, railways, and healthcare likely to shape the nation’s economic and social policies. While challenges persist due to protests and adjournments, the packed schedule indicates the government’s determination to drive reforms and address critical issues.

Stay updated for more insights as the session unfolds.

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