Govt introduces Bankers' Books Evidence, Indian Statistical Institute Bills in Lok Sabha

New Delhi, Aug 3 (IANS) Finance Minister Nirmala Sitharaman introduced Bankers’ Books Evidence Bill, 2026 in Lok Sabha on Monday while the Indian Statistical Institute Bill, 2026 was tabled by the Union Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation, Rao Inderjit Singh.

The government is replacing a colonial-era law with one that seeks to preserve access to banking evidence while protecting banks from unnecessary legal proceedings, shifting the emphasis to better-targeted judicial oversight rather than unrestricted access to banking records.