Lok Sabha to consider Banking Bill for passage this week

The stand-off between the government and the BJP over the banking laws amendment bill seems to have ended. It is learnt that the clause, which will allow banks to invest in forward contracts may be dropped.

Also read: Swiss mulls new bill to check black money flow to banks The BJP expressed its reservation over that clause, but is agreeable to all the other amendments. The Lok Sabha is likely to consider the banking bill for passage this week. However, with just four sittings left after today, it will be a race against time for some crucial economic legislation. The insurance and pension bill along with the land acquisition bill are only few that are waiting in the wings.