Budget Session

March 17, 2025 12:05 PM

Budget Session of Parliament resumes after Holi break

The Budget Session of Parliament resumed on Monday, after a four-day break on account of Holi. Several key reports will be submitted in the Lok Sabha today. The Rajya Sabha is expected to discuss issues related to various ministries, including Home, Agriculture, Health, Railways, and Water Resources. BJP MP Radha Mohan Singh and Samajwadi Party MP Virendra Singh will present reports from the Standing Committee on Defence for Grants of the Ministry of Defence for the year 2025-26. The Standing...

February 13, 2025 12:56 PM

FM Sitharaman to introduce Income Tax Bill today, LS adjourned till 2 pm

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill in the Lok Sabha on Thursday as part of the tax reforms aimed at streamlining and simplifying provisions to enhance clarity and reduce legal disputes. The ninth day of the Parliament's Budget Session began at 11 am on Thursday. However, amid protests by opposition members on various issues, the Lok Sabha was adjourned until 2 pm. The finance minister is expected to present the Income Tax Bill in the Lower House later ...

February 10, 2025 9:57 AM

Parliament Budget Session to resume today

The Budget Session of Parliament will reconvene on Monday, with both the Lok Sabha and Rajya Sabha set to meet. The session will continue discussions on the Union Budget for 2025, along with other significant matters. One of the key highlights of the session will be the introduction of the new Income Tax Bill, which received approval from the Union Cabinet on Friday. The Bill aims to simplify India’s direct tax laws without imposing any new tax burdens. Instead, it seeks to streamline existi...

January 31, 2025 12:18 PM

PM Modi highlights innovation, inclusion and investment as key to India’s future as Budget session begins

Ahead of the Budget session on Friday, Prime Minister Narendra Modi reaffirmed his government's commitment to all-round development in its third term, highlighting innovation, inclusion, and investment as the key pillars of India’s economic growth strategy. Speaking to the media outside Parliament ahead of President Droupadi Murmu’s address to a joint sitting of the two Houses, PM Modi outlined his government’s approach, saying, "In our third term, we are in mission mode. Innovation, incl...

January 31, 2025 9:23 AM

Parliamentary Session: Waqf Amendment Act among 16 bills to be tabled in Budget Session

Sixteen Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins on Friday with the Economic Survey 2024-25. Among the 13 others likely in this session are amendments to the Disaster Management and Oilfields (Regulation and Development) laws. Bills dealing with coastal and merchant shipping and another seeking to rename the Institu...

January 17, 2025 10:37 PM

Budget session of Parliament to begin on January 31 with President’s address

The budget session of Parliament is scheduled to begin on January 31, extending until April 4. The session will commence with President Droupadi Murmu addressing a joint sitting of both Houses of Parliament. Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. Following the initial proceedings, Parliament will observe an inter-session break starting February 14, with sittings resuming on March 10. During the session, Prime Minister Narendra Modi is expected to addre...

September 16, 2024 5:05 PM

Parliament Session: Finance Minister to move J-K Appropriation Bill in Lok Sabha, Budget discussion to continue

As the Parliament is set to convene for the ongoing Budget Session on Monday, Union Finance Minister Nirmala Sitharaman will introduce the Jammu and Kashmir Appropriation Bill, 2024, in the Lok Sabha. "Nirmala Sitharaman to move for leave to introduce a Bill to authorise payment and appropriation of certain sums from and out of the Consolidated Fund of the Union Territory of Jammu and Kashmir for the services of the financial year 2024-25. Also to introduce and move the bill," the list of busine...

September 16, 2024 5:21 PM

Finance Minister Nirmala Sitharaman arrives in Parliament to present Union Budget 2024

Finance Minister Nirmala Sitharaman arrived in Parliament to present the Union Budget for 2024-25. Earlier, Sitharaman met President Droupadi Murmu at Rashtrapati Bhavan, ahead of the Budget presentation at 11 am. The Finance Minister left the North Block offices of the Finance Ministry with a copy of the Union Budget 2024-25 which as has been tradition, is in a digital format. The Finance Minister along with her team posed for a photo opportunity along with the red 'Bahi Khatha' digital tabl...

July 22, 2024 5:17 PM

India to remain fastest growing major economy in 2024-25, says CEA Nageswaran

India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V Anantha Nageswaran stated in a press conference after the tabling of the Economic Survey in Parliament on Monday. The Economic Survey projects India to grow at a rate of 6.5-7.0 percent in 2024-25. Global institutions, including the IMF, OECD, World Bank, S&P, ADB, and Fitch, have forecasted India's growth within a range of 6.6-7.2 percent. The International Monetary Fund (IMF), in its latest o...

July 22, 2024 5:08 PM

Govt’s timely interventions, RBI’s measures helped maintain retail inflation at 5.4 percent: Economic Survey

The annual Economic Survey, tabled by Union Finance Minister Nirmala Sitharaman in Parliament on Monday, states that despite the pandemic and geopolitical tensions, timely policy interventions by the central government and the Reserve Bank of India's price stability measures helped maintain retail inflation at 5.4 percent. During FY22 and FY23, the COVID-19 pandemic, geopolitical tensions, and supply disruptions contributed to rising global inflationary pressures. In India, consumer goods and s...