BJP to oppose banking Bill: Yashwant

Sinha reiterated his stated position that a new clause which changes the very nature of a Bill could not be inserted after the standing committee had deliberated on it. “Also, it is irrelevant whether the clause has been okayed by some other committee because the Bill was sent to the standing committee on finance,” the BJP leader said, in response to the government position that allowing banks into commodity futures had been cleared by the standing committee on consumer affairs last December.

It was up to the government, he said, to put the Bill to vote, but he commented that there was “a very large common position” on the issue in the Opposition. Asked if the fact that the regulator in commodity markets was seen to be relatively weaker than those in the stock or currency markets — banks are allowed to operate

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