CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Rajya Sabha passed the State Banks Repeal and Amendment Bill. This bill was introduced in the Lok Sabha by the Finance Minister Arun Jaitley in
A
2014
B
2015
C
2016
D
2017
Explanation: 

Detailed explanation-1: -The Constitution (Scheduled Tribes) Order (Amendment) Bill, 2021. The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021. The Government of National Capital Territory of Delhi (Amendment) Bill, 2021. The Finance Bill, 2021.

Detailed explanation-2: -Only the Parliament can introduce a bill to amend the articles in the Constitution. It needs the approval of each of the two houses of the Parliament-the Lok Sabha and the Rajya Sabha. The amendment bill is introduced in one house.

Detailed explanation-3: -Money bills cannot be introduced in Rajya Sabha. Money bills can be introduced only in the Lok Sabha with the prior recommendation of the President. Further Reading : President of India – Article 52-62.

Detailed explanation-4: -The Bill proposes to reduce the Central Government shareholding from 55 per cent to 51 per cent consisting of the equity shares of the issued capital. The Bill proposes to amend the principal act to increase the authorised capital of SBI to Rs 5000 crores divided into shares of Rs 10 each.

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