Rajya Sabha saw repeated disruptions through the day and was
unable to take up scheduled business. Opposition benches protests were related
to the National Herald case.
Lok Sabha also saw protests over the issue. However, regular
business such as Question Hour and Zero Hour continued in the House.
The Indian Trusts (Amendment) Bill was taken up by the Lower House.The Indian Trusts (Amendment) Bill, seeks to amend the
Indian Trusts Act of 1882 .
The Act lists seven categories of
securities in which trust money can be invested. These include some pre-Independence
references such as securities issued by the United Kingdom, by municipalities
of Presidency towns, Rangoon, port trust of Karachi etc. In addition, the Act allows investment in any
security expressly authorised by the instrument of trust or by the central
government by notification, provided that consent is taken of any person who is
competent to contract and entitled to receive the trust income for his life. The
Bill amends the Principal Act to retain only the last item, and deletes all the
other investment avenues specified in the Act.
Lok Sabha also took up discussion on the drought situation
in the country. The discussion was
initiated earlier this week.
At the time of sending this report, discussion in the Lower House was ongoing.