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Important legislations like the Goods and Service Tax Bill, Land Acquisition bill, the Real Estate Regulation and Development Bill and Negotiable Instruments Arbitration Bill will be taken up.
A day after the constitution amendment bill that enabled mega reform Goods and Services Tax Bill or GST was unanimously passed, action continues in Monsoon session of Parliament.
The Sensex oscillated in a range of more than 300 points.
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The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
The S&P BSE Sensex ended 274 points to trade at 25,036.
The S&P BSE Sensex rose 127 points to end at 27,942.
According to reports, eight hours have been allocated by the speaker for discussion on the tax reform bill.
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The stage is set for a showdown between the government and the Opposition over the GST or Goods and Services Tax Bill in the monsoon session of Parliament, which begins on Monday.
Modi on Friday invited the Congress leaders at his Race Course Road residence at 7 PM, sources said.
A firm opening in the European market uplifted the mood.
Catch all the live action from Lok Sabha and Rajya Sabha here.
Catch all the live debates from Parliament as the winter session begins
Catch all the latest action from the Lok Sabha and Rajya Sabha here.
Catch all the live debates from Parliament as the winter session begins
Catch all the live debates from Parliament as the winter session begins
The BSE Mid-cap index outperformed the benchmark indices.
GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the first five years
Modi's reform agenda suffered a major setback earlier this month when lawmakers in the Rajya Sabha refused to support the the Goods and Service Tax bill.
The much-delayed insurance bill and the goods and services tax bill are among the 39 bills that are expected to come up during the month-long Winter Session of Parliament beginning next week.
These have to be passed in this session to meet the September 15 deadline for switching over to the new indirect tax regime, Jaitley said.
These would include passenger engagement initiatives, consumer offers, and curated menus at food and beverage outlets.
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The government has proposed to implement GST from April 1, 2016, and the new Finance Commission may be set up ahead of its schedule to look into the issues related to the new indirect tax regime.
The UPA government has decided to introduce two contentious bills -- the Goods and Services Tax Bill and the Land Acquisition (Amendment) Bill -- in the budget session of Parliament that kicks off on Monday.
Drabu said the GST regime will roll out in the state at midnight on Friday, making Jammu and Kashmir the last state to join the new tax regime.
Supporters say the new sales tax will add up to two percentage points to India's economic growth
The markets will be eyeing the amendments.
The Budget session of Parliament is set to start on a stormy note on Tuesday with issues like the Jawaharlal Nehru University row, Dalit scholar Rohith Vemula's suicide and Pathankot terror strike set to dominate the proceedings.
The government said it was willing to advance the upcoming Parliament session.
Congress is opposing the GST bill in the current form.
New Delhi is witnessing a spurt of political activity over the Goods and Services Tax Bill.
The monsoon session of Parliament is likely to begin in the third week of July and end by mid August.
PM Modi said his government has nothing to hide and would take everybody into confidence while dealing with it.
A continued focus on low inflation will be important to keeping gold imports, IMF said.
Bank, bankruptcy reforms, Nabard Bill amendment on agenda.
Finance Minister Arun Jaitley on Wednesday drove over to Rahul Gandhi's 12 Tughlak Lane bungalow to personally invite the Congress vice-president to his daughter Sonali's wedding.
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