The Lok Sabha is scheduled to take up two key financial legislations on Wednesday as part of the ongoing Monsoon Session of Parliament. The House will consider and seek to pass the Bankers’ Books Evidence Bill, 2026 and the Taxation and Other Laws (Amendment) Bill, 2026, while also taking up a statutory resolution concerning the Income-tax (Amendment) Ordinance, 2026.
Finance Minister Nirmala Sitharaman will move the Bankers’ Books Evidence Bill, 2026 for consideration and passage. The proposed legislation seeks to modernise the legal framework governing evidence related to bankers’ books by aligning it with contemporary digital banking practices and addressing matters connected with electronic banking records.
The Finance Minister will also move the Taxation and Other Laws (Amendment) Bill, 2026, which proposes amendments to the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and the Finance Act, 2026. The Bill is aimed at updating provisions related to taxation and payment systems.
The House will also take up a statutory resolution moved by N.K. Premachandran and Prof. Sougata Ray seeking disapproval of the Income-tax (Amendment) Ordinance, 2026, promulgated on June 5 this year. The resolution and the Taxation and Other Laws (Amendment) Bill may be taken up together.
Earlier in the day, the Secretary General will report a message from the Rajya Sabha regarding the Registration of Births and Deaths (Amendment) Bill, 2026, which was passed by the Upper House on Tuesday.
Parliamentary Affairs Minister Kiren Rijiju and Deputy Leader of the Opposition Gaurav Gogoi will present the Eighteenth Report of the Business Advisory Committee.
