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 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.
'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 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.
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.
Budget to be presented on Friday is expected to carry out a "clean up" operation of tax administration besides measures to spur growth.
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 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.
A Parliamentary Committee will discuss the controversial issue of net neutrality on Thursday at a meeting where officials of telecom companies like Airtel, Vodafone and Idea are expected to present their views.
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.
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.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
The measures passed 236-191 votes immediately drew sharp reaction from the White House.
Parliament proceedings were adjourned amid ruckus and sloganeering by the Opposition members over the Adani issue.
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.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
The JCP was constituted in the Lok Sabha in December 2019 and was expected to submit its report in the Budget Session.
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.
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.
Though not a blockbuster budget it does not undermine the fact that key issues were addressed and the finance minister certainly did not under-deliver, says Vatsal Srivastava.
Congress general secretary (communications) Jairam Ramesh said they will pose three questions a day to Prime Minister Narendra Modi over the issue.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
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 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.
Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.
Speaker Sumitra Mahajan said the session has been "more productive and satisfactory" than the previous Budget Session and last year's monsoon session.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
Significantly, about half of the CEOs who took part in the survey indicated that they propose to increase their investments in near future, 45 per cent cited no change in investment levels, while only 5 per cent expected a fall.
The panel of Parliament examining the Direct Taxes Code (DTC) Bill has almost finalised its recommendations. It wants more taxpayer-friendly measures.
Most expect the Budget to be path-breaking.
One of the reasons why the TMC decided not to demand a JPC is that the chairperson and most of its members would be from the BJP, he said, adding JPC means putting the issue under the carpet.
Senior Congress leader Jairam Ramesh on Saturday said he does not see a 'middle path' to end the logjam in Parliament as the Opposition's demand for a Joint Parliamentary Committee (JPC) probe into the Adani issue was 'non-negotiable' and the question of an apology over Rahul Gandhi's remarks in the United Kingdom does not arise.
The former Union home minister claimed that the provisions in the bill can be misused as the police can arrest and take fingerprints and DNA samples of even those who are taking part in political rallies.
During the debate on the 'Motion of Thanks on the President's Address', Leader of the House Piyush Goyal and Union Finance Minister Nirmala Sitharaman strongly objected to 'insinuations' against the prime minister, who was also present in the House.
The Cabinet Committee on Parliament Affairs has recommended that the winter session of the Parliament be held from November 29 to December 23, sources said on Monday.
If they will allow I will speak inside the parliament, the Wayanad MP said.
Finance minister tries to put house in order before reforms are unveiled in February.
The implementation of the five 'guarantees' announced by the Congress may cost the state exchequer an estimated Rs 50,000 crore annually.
Indications of a stormy start to the Budget session emerged at an all-party meeting with opposition accusing the government of "setting the agenda for disruption".
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