Indian Statistical Institute Bill, Bankers' Books Evidence Bill Introduced in Lok Sabha
Two important bills, the Indian Statistical Institute Bill and the Bankers' Books Evidence Bill, were introduced in the Lok Sabha during the Monsoon Session.
Source: GNews ParliamentDuring the 11th day of the Parliament's Monsoon Session, two significant bills were introduced in the Lok Sabha. These include the Indian Statistical Institute (Amendment) Bill, 2023, and the Bankers' Books Evidence (Amendment) Bill, 2023. The Indian Statistical Institute (Amendment) Bill aims to amend the existing Indian Statistical Institute Act, 1959. This amendment seeks to clarify the scope of the institute's activities and its power to grant degrees. The Bankers' Books Evidence (Amendment) Bill, 2023, proposes changes to the Bankers' Books Evidence Act, 1891. This bill intends to update the law to include electronic records and modern banking practices, making it easier to use digital evidence in legal proceedings. Both bills will now undergo further parliamentary procedures, including debate and potential referral to parliamentary committees, before they can be passed by both Houses of Parliament and receive presidential assent to become law.
For competitive exams, understanding legislative processes and key bills is crucial for Polity and Current Affairs sections. The Indian Statistical Institute Bill is relevant for education policy and institutional governance, often covered in UPSC GS Paper II. The Bankers' Books Evidence Bill impacts legal and financial sectors, linking to topics like banking reforms and digital evidence, important for Banking exams and UPSC GS Paper III (Economy and Internal Security). Aspirants should know the purpose and implications of such legislative changes.
- The Indian Statistical Institute (Amendment) Bill, 2023, was introduced in Lok Sabha.
- The Bankers' Books Evidence (Amendment) Bill, 2023, was also introduced.
- The Indian Statistical Institute Act, 1959, is being amended by the first bill.
- The Bankers' Books Evidence Act, 1891, is being updated by the second bill.
- The Indian Statistical Institute Bill clarifies the institute's degree-granting powers.
- The Bankers' Books Evidence Bill includes electronic records for legal evidence.
The lower house of India's bicameral Parliament. Its members are directly elected by universal adult suffrage. It has a maximum strength of 550 members, with 543 currently elected. The Lok Sabha holds significant legislative power, including the introduction of money bills.
An academic institution of national importance, established in 1931 by P. C. Mahalanobis. It is headquartered in Kolkata, with other centres in Delhi, Bengaluru, and Chennai. ISI focuses on research and teaching in statistics, mathematics, computer science, and related fields.
An Act of the British Indian Parliament that allows certified copies of entries in bankers' books to be admitted as prima facie evidence in legal proceedings. This avoids the need to produce original books and bank officials in court, streamlining legal processes.
UPSC often asks about the legislative process, types of bills, and the functions of parliamentary committees (GS Paper II). SSC and Banking exams may focus on the specific purpose of such bills or the institutions involved, like the Indian Statistical Institute.
Remember 'ISI' for Indian Statistical Institute and 'BBE' for Bankers' Books Evidence. Both 'I' and 'B' bills were introduced in Lok Sabha.
Frequently Asked Questions
What is the purpose of the Indian Statistical Institute (Amendment) Bill, 2023?
The Indian Statistical Institute (Amendment) Bill, 2023, aims to amend the Indian Statistical Institute Act, 1959. Its primary purpose is to clarify the scope of the institute's activities and its authority to grant degrees, ensuring legal clarity and operational efficiency for the institution.
Why is the Bankers' Books Evidence Act, 1891, being amended?
The Bankers' Books Evidence Act, 1891, is being amended through the Bankers' Books Evidence (Amendment) Bill, 2023, to update it for modern banking. The amendment seeks to include electronic records and digital transactions as valid evidence in legal proceedings, reflecting the shift from physical to digital banking.
What is the next step for these bills after introduction in Lok Sabha?
After introduction in the Lok Sabha, these bills will typically be debated by members. They may also be referred to a parliamentary standing committee for detailed examination and recommendations. Following this, they will be put to a vote in the Lok Sabha, and if passed, sent to the Rajya Sabha for its consideration.