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MR. SPEAKER: You are now raising a point about the supplementary business.
SHRI VARKALA RADHAKRISHNAN : Can the Minister move a Bill involving policy decision when a substantive motion is pending before the House? You may do it as you like but I would raise my objection.
MR. SPEAKER: There is no point of order.
DR. RAM CHANDRA DOME (BIRBHUM): I oppose the very introduction of the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Bill.… (Interruptions)
MR. SPEAKER: Under the guise of raising the point of order, some Members want to take the time of the House.
DR. RAM CHANDRA DOME : I would like to oppose the very introduction of the Bill because the very intention of this Bill is against the Constitution of India. It is against the interest of the people of our country.… (Interruptions)
MR. SPEAKER: This will not go on record.
(Interruptions) … * SHRI VARKALA RADHAKRISHNAN : You may decide it the way you like but as a Member of this House, I have a right to raise my objection.
MR. SPEAKER: You have already raised it.
DR. RAM CHANDRA DOME : If this Bill is passed by this House, our largest banking industry will go in the hands of not only the private parties of our country but also trans-national companies. They will take control of our banking sector. So, I urge upon the Government not to introduce the Bill. I vehemently oppose the very introduction of the Bill.
SHRI SURESH KURUP (KOTTAYAM): Sir, I oppose the introduction of this Bill because this Bill is a retrograde and an unconstitutional step. This is unconstitutional in the sense that this is against the Directive Principles enshrined in our Constitution. Apart from the fundamental rights, our Constitution contains Directive Principles which though not cognizable in any court of law should be the fundamentals for our Governments.