Finance Bill

Lok Sabha passes finance bill without discussion, Congress and DMK demand financial package to deal with coronavirus

A decision to approve the Finance Bill without discussion was taken at the all-party meeting convened by the Speaker.

Day after Budget, Centre clarifies proposed tax on NRIs, says it will not hurt bonafide workers abroad

The government on Sunday issued a clarification on the new definition of NRI mentioned in the Budget presented by Nirmala Sitharaman.

Govt to set up unified regulator for IFSCs; bill to be introduced in Lok Sabha after withdrawal from Rajya Sabha

Currently, the banking, capital markets and insurance sectors in IFSC are regulated by multiple regulators—the RBI, SEBI, IRDAI

LS passes Motor Vehicles (Amendment) Bill for improved road safety provisions; RS nod to Finance, Appropriation bills

The Lok Sabha passed the Motor Vehicles (Amendment) Bill, 2019 on Tuesday and began discussion on the Unlawful Activities (Prevention) Amendment Bill, 2019. The Rajya Sabha gave its nod to the Finance (No 2) Bill and Appropriation (No 2) Bill and saw the tabling of Protection of Children from Sexual Offences (Amendment) Bill, 2019

Lok Sabha passes bill giving effect to proposals in Budget 2019-20; Rajya Sabha clears bills concerning arbitration

While the Lok Sabha passed The Finance (No 2) Bill, 2019, which brings the Centre’s proposals concerning the Budget 2019-20 into effect, Rajya Sabha passed the Arbitration and Conciliation Bill and New Delhi International Arbitration Centre Bill on Thursday

Union Budget 2019-20: How to better understand the Finance Bill and Financial Statement

The Union Budget is the annual financial statement that contains the government’s revenue and expenditure for a fiscal year.

Union Budget 2019: What is Finance Bill, Money Bill and how they are passed in Parliament

Finance Bills can be divided into three categories: finance bill category I, finance bill category II and a Money Bill

Theresa May defeated in British Parliament; govt says loss will neither stop Brexit, nor stop administration from collecting taxes

The defeat highlights Theresa May's weak position as leader of a minority government, a divided party, and a critical parliament just days before she is due to hold a pivotal vote on whether to approve the Brexit deal she has negotiated with the EU.

Monsoon Session of Parliament can't stall like Budget sitting did; legislature desperately needs reform

It appears the Parliament is in crisis. We need to have a broad debate reforming its working, the anti-defection law, office of profit, among other areas.

Parliament logjam Part 2: Examining legislative avenues available to keep govt accountable, exercise necessary oversight

After the recent Budget Session washout, it is important to examine some of the avenues through which the Parliament can exercise its oversight function.