The government said on Friday that the controversial Women's Reservation Bill would be brought for consideration in the Lok Sabha in the Monsoon Session of Parliament -- a move apparently aimed at dividing opposition unity.
The session will commence with the maiden address of President Droupadi Murmu to the joint sitting of both Houses of Parliament. The address essentially highlights the government's achievements and policy priorities.
The Lok Pal Bill has been referred to the standing committee of Parliament on personnel, public grievances, law and hustice. In this FAQ, MR Madhavan explains the process of these committees.
400 MPs of the ruling National Democratic Alliance would give up Rs 3.66 crore -- their salary for 23 days of the ongoing budget session that has been a virtual washout due to protests by the opposition.
The Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming under moratorium to ensure timely support to depositors. Last year, the government raised insurance cover on deposit five-folds to Rs 5 lakh to provide support to depositors of ailing lenders like Punjab and Maharashtra Co-operative (PMC) Bank. Following the collapse of PMC Bank, Yes Bank and Lakshmi Vilas Bank too came under stress, leading to restructuring by the regulator and the government.
The government is hopeful of passage of the GST bill in the winter session of parliament claiming 30 of the 32 parties have supported it.
The Bharatiya Janata Party on Thursday moved several amendments to the Finance Bill in the Lok Sabha, including raising the Income Tax exemption limit for senior citizens to Rs 2.5 lakhs and hiking Provident Fund interest rates to 9.5 per cent.
GST revenue for May stood at nearly Rs 1.41 lakh crore, a 44 per cent increase over the same month last year, the finance ministry said on Wednesday. Bucking the month-on-month increasing trend of the last two months, the Goods and Services Tax (GST) revenues came in lower than the record high collection in April at Rs 1.68 lakh crore. In March GST revenues were at Rs 1.42 lakh crore, while in February it was Rs 1.33 lakh crore.
Black money Bill: Govt may widen disclosure window to 3-6 months.
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
With the passage of Finance Bill on Friday, the government on Friday ruled out rollback of service tax imposed on goods booking agents, but expressed its willingness to sort out any procedural difficulty faced by either truck owners or operators.
Cable tariffs across the country are set to go up with the TRAI clarifying that operators can hike charges in view of the increase in service tax and the imposition of education cess in Budget.
Protesting Congress members had on Tuesday too blocked a debate on the bill. The monsoon session ends on Thursday.
The Centre on Monday defended in the Supreme Court the third extension of service granted to Enforcement Directorate chief Sanjay Kumar Mishra, asserting it was due to a peer review being conducted by the Financial Action Task Force (FATF) this year and said he will retire this November.