Rajya Sabha passes bill to bring cooperative banks under RBI's ambit : Bulletin: Business Today
Business Today
Loading...
 

Rajya Sabha passes bill to bring cooperative banks under RBI's ambit

Loading the player...

BusinessToday.In | September 23, 2020

Rajya Sabha passes bill to bring cooperative banks under RBI's ambit

The Rajya Sabha on Tuesday passed the Banking Regulation (Amendment) Bill, 2020, to bring cooperative banks under the control of the Reserve Bank of India (RBI). The amendment, which got approval from Lok Sabha on September 16, aims to improve governance at such banks and protect depositors' money. The Bill, which replaces an ordinance promulgated on June 26, was passed by a voice vote in Rajya Sabha.

Tata Sons offers to purchase Shapoorji Pallonji Group's stake amid share pledge dispute

Tata Sons has offered to buy out the stake of the Shapoorji Pallonji Group in the holding company to help it raise capital to pay its debt. The development comes after the Supreme Court restrained the Shapoorji Pallonji Group from pledging shares of Tata Sons till October 28.

Facebook India VP moves SC against Delhi Assembly panel's notice

Facebook India Vice-President and Managing Director Ajit Mohan has moved Supreme Court against a notice sent to him by the Delhi Assembly Committee in connection with complaints about the social media giant's alleged deliberate inaction to curb hateful content in the country. The petition will be heard on Wednesday by a three-judge bench headed by Justice Sanjay Kishan Kaul.

Google Drive will automatically delete trash files after 30 days starting October 13

Google Drive will no longer retain trash items beyond 30 days starting October 13. Previously, the trash or deleted items in Google Drive would remain in the trash indefinitely, unless users manually removed it. For GSuite users, admins can restore trash for up to 25 days for active users. Users will get notified on Google Drive and Google Docs as well as Google Form apps.

Parliament passes Companies Amendment Bill

Rajya Sabha on Tuesday cleared the Companies (Amendment) Bill, 2020 after it received Lok Sabha's nod on Saturday. Finance Minister Nirmala Sitharaman said at the Upper House today that the amendments are divided in two compartments and focus on decriminalisation and enhance ease of living.

Delhi HC stays govt decision to reserve 80% ICU beds for COVID-19 patients

The Delhi High Court Tuesday stayed the AAP government's order directing 33 big private hospitals to reserve 80 per cent of ICU beds for COVID-19 patients, holding that the decision appeared to be arbitrary and unreasonable.

COVID-19 crisis: EU medicine regulator in contact with 38 manufacturers of potential vaccines

The European Medicines Agency has been in contact this month with 38 makers of potential COVID-19 vaccines, an official at the EU drugs regulator said on Tuesday. Vaccines must be authorised by EMA before they can be used in the European Union. No COVID-19 vaccine has been authorised in Europe. The World Health Organisation lists 38 candidate vaccines in clinical evaluation, including shots developed in China and Russia. Another 149 candidates are in pre-clinical evaluation.

More from this section