The Budget session of Parliament will begin on Feb 21 and the general budget is slated to be presented to Lok Sabha on Feb 28.
Rajya Sabha chairman Jagdeep Dhankhar on Friday suspended Congress member of Parliament Rajani Ashokrao Patil for the remainder of the current Budget Session for filming House proceedings.
Sunak announced that the Immigration Health Surcharge (IHS) would be hiked from 400 pounds to 624 pounds.
The Budget session of Parliament concluded on Wednesday with passage of record official business in recent years but the government failed to ensure passage of the controversial Land Acquisition Bill as also key reform measure of GST amid stiff resistance from opposition.
The government is learnt to have described the Union Budget as an annual constitutional exercise covering the entire country and not just a few states.
The Karnataka legislative assembly on Wednesday witnessed chaotic and unruly scenes as angry Bharatiya Jansata Party legislators tore copies of bills and the agenda, and threw them at the deputy speaker, who was presiding, following which Speaker U T Khader suspended 10 of them for the remainder of the session.
The budget session of Parliament will begin on February 21 and the general budget is slated to be presented to Lok Sabha on February 28.The decision to recommend the date for convening of the session to the President was taken at a meeting of the Cabinet Committee on Parliamentary Affairs chaired by Finance Minister Pranab Mukherjee, who is also Leader of the House in Lok Sabha.
Also on the anvil is abolition of distinction between Plan and non-Plan expenditure and replacing it with capital and revenue expenditure
US President Barack Obama has stepped up his personal engagement with lawmakers over the government shutdown, which the White House hoped would help in resolving the current economic crisis including the one of raising the debt ceiling by October 17.
The BJP's challenge is whether it can again deflate a Congress, which now looks reinvigorated and has adopted sharper messaging around its 'guarantees', and several regional parties, especially in Bihar, Maharashtra and West Bengal.
The Congress on Thursday objected to Rajya Sabha Chairman Jagdeep Dhankhar deleting some portions of Leader of the Opposition Mallikarjun Kharge's speech from official records, saying he used no unparliamentary words and some of the expressions he employed were earlier used even by former prime minister Atal Bihari Vajpayee.
Following the address by President Ram Nath Kovind, the economic survey will be tabled in the two Houses.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Goyal said India has been recognised as brightest spot in the world in last five years.
'Strong regulations are crucial for the orderly development of the market.'
In the new Parliament House, with a soft launch this Winter Session, paper is expected to disappear. For the guidance of ministers, secretaries can scribble notes on linked pads even from their offices to respond to queries from members.
The top brass of the Bharatiya Janata Party on Tuesday decided to strongly protest against Leader of the House in Lok Sabha Sushilkumar Shinde during the budget session till he tenders an apology for his remark on 'Hindu terror' against the principal opposition.
The Congress has, however, countered this saying someone who is not an MP of Rajya Sabha cannot be called to the House and there cannot be any discussion/reflection on or about an MP of Lok Sabha.
The old Parliament building, an architectural splendour and a historic landmark that guided the destiny of India for nearly a century and whose illustrious legacy will now be consigned to the pages of history, was inaugurated on January 18, 1927 by the then Viceroy Lord Irwin.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Single window clearances for realty must.
The Budget session of Parliament was the least productive since the year 2000.
It has been advanced in view of the impending elections in four states.
'On the tax front, most of the Budget proposals are sensible'.
On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.
The agitational programmes include the 'Loktantra Bachao Mashal Shanti March' starting from Red Fort on Tuesday and a series of press conferences in 35 major cities across the country on March 28 and 29.
Parliament proceedings were adjourned amid ruckus and sloganeering by the Opposition members over the Adani issue.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
Parliamentary affairs minister Ananth Kumar also attacked the Congress, which had not opposed the bill in Lok Sabha but voiced its strong opposition in the Upper House.
While Rajya Sabha Chairman M Venkaiah Naidu asked the protestors not to make the House a "clog in the wheel" of progress, Lok Sabha Speaker Sumitra Mahajan said they should keep in mind the larger interests of the nation.
India's total value of defence production breached Rs 1 trillion-mark in the fiscal year 2022-23 (FY23), up 12 per cent year-on-year (YoY). At the bourses, this has been well reflected in related-stocks from the sector as they gained considerable ground during this period. Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year, as against a 14 per cent jump in the S&P BSE Sensex.
Putting aside its winter fiasco, Parliament is all set for a smooth budget session from Monday with government telling the Opposition that an announcement on the constitution of a Joint Parliamentary Committee into the 2G spectrum will be made on Tuesday.
The Budget session of the 16th Lok Sabha will begin in the second week of July, revealed Parliamentary Affairs Minister Venkaiah Naidu on Thursday.
Announcing this, Speaker Somnath Chatterjee thanked the members for their cooperation in passing the Finance Bill 2008, but regretted that 28 hours and 30 minutes were lost due to interruptions and forced adjournments. However, he also noted that the House sat for an extra 36 hours and 38 minutes to compensate for the loss.
The move came even as deputy Chief Minister Tejashwi Yadav, while speaking in the state assembly earlier in the day, sought to go by the version of the Tamil Nadu DGP who has rubbished reports of attacks on Hindi-speaking people in that state.
Speaking after interacting with gram panchayats and pani samitis/village water and sanitation committees (VWSC) on the Jal Jeevan Mission, Modi said the mission is not just about bringing water to people but it is also a decentralisation movement that is village and women-driven.
Congress general secretary (communications) Jairam Ramesh said they will pose three questions a day to Prime Minister Narendra Modi over the issue.
The Congress is planning to call a meeting of Opposition parties in May. It is possible to keep all possibilities open in case Karnataka yields a hung House, leading to a recalibrated Opposition.
Budget to be presented on Friday is expected to carry out a "clean up" operation of tax administration besides measures to spur growth.
The JCP was constituted in the Lok Sabha in December 2019 and was expected to submit its report in the Budget Session.
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