×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Rajya Sabha passes SBI subsidiary amendment bill

Rajya Sabha passes SBI subsidiary amendment bill
PTI
Comment E-mail Print Share
First Published: Tue, Aug 30 2011. 05 15 PM IST
Updated: Tue, Aug 30 2011. 05 15 PM IST
New Delhi: Rajya Sabha on Tuesday passed a bill which seeks to transfer powers to the central government from the Reserve Bank of India (RBI) with regard to State Bank of India (SBI) subsidiary State Bank of Hyderabad with an amendment moved by a BJP member.
The transfer of powers to the Centre has been necessitated after the ownership of the SBI was transfered from the RBI to the government.
The bill was passed amid din even as the debate on it remained inconclusive. The upper house saw repeated adjournments after noon following protests by BJP members over appointment of Lokayukta by the governor in Gujarat.
The government agreed to an amendment by Piyush Goyal (BJP), who detected a technical flaw in the bill.
He had pointed out that the State Bank of India (Subsidiary Banks Laws) Amendment Bill, 2009, which was before the Rajya Sabha, was not the same that was sent to the Parliament’s standing committee.
As soon as the upper house reassembled, the BJP members continued their protest trooping into the well.
Even as they were shouting slogans against Gujarat governor, minister of state for finance Namo Narain Meena moved the bill for consideration of the House.
Before P. J. Kurien, who was in the Chair, adjourned the House for the day, he asked for a voice vote and approved the bill.
Comment E-mail Print Share
First Published: Tue, Aug 30 2011. 05 15 PM IST