The entire opposition walked out from Parliament today, 10th December, protesting against the presenting of Banking Laws (Amendment) Bill. The opposition pointed out that this bill includes new sections which have been added after the report of the Parliamentary Standing Committee and hence it has to be sent to the Standing Committee again.

Widespread protest actions have been organised by the Bank employees’ organisations against he Bill. This and the Insurance Bill to increase the FDI to 49 % are intended to bring in more reforms as demanded by the MNCs and corporates and are against the interests of the country.