A determined Opposition on Monday thwarted the Banking Laws (amendment) Bill 2012 in the Lok Sabha, raising doubts about its being passed in the coming days. This Bill was listed for consideration and passage in the Lower House on Monday. Monday was, however, a mixed day for banking reforms, with Finance Minister P. Chidambaram succeeding in getting a Bill on debt recovery passed by the Lok Sabha. The Bill (recovery of debts) was passed after the entire Opposition staged a walkout over it not having been referred to the Standing Committee. On the Banking Laws (amendment) Bill, senior Bharatiya Janata Party leader Yashwant Sinha demanded that three new provisions sought to be introduced by Chidambaram be first referred to the Standing Committee on Finance......
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