Ambareesh Baliga's quick take on the markets after the increase in STT on futures and options trading...
Amid a tussle with the Aam Aadmi Party government, Punjab Governor Banwarilal Purohit on Tuesday told the Supreme Court that he has summoned the assembly for the budget session on March 3, even as the top court told both sides that constitutional discourse has to be conducted with a sense of decorum and mature statesmanship.
In the Rajya Sabha, Chairman M Venkaiah Naidu could not read out his customary closing remarks that sum up the business conducted in the House during the session, as Shiv Sena and other opposition MPs created a ruckus.
The country's 5,000 MPs, MLAs and MLCs should resolve in this historic year to return to the people the favour they have been doing by relentlessly nurturing democracy over the last 70 years, he said.
Prime Minister Narendra Modi on Monday said elections keep happening but Parliament's Budget session is very important and urged all MPs to make it fruitful.
The winter session of Parliament is set to begin with the government prioritizing its reforms agenda, including a bill to open the civil nuclear sector to private players. The opposition is expected to raise concerns about electoral roll revisions and air pollution.
Benchmark equity indices Sensex and Nifty extended their gains for the second straight session on Monday, driven by optimism over the India-US trade deal and robust buying in public sector banks, consumer durables, and realty stocks.
on Thursday adjourned sine die, ending the four-week-long second leg of the Budget session, during which treasury and opposition members locked horns over Rahul Gandhi's 'democracy' remark and the Adani issue.
A video of Maharashtra Deputy Chief Minister Ajit Pawar recounting a tense helicopter ride with Devendra Fadnavis in July 2024 has resurfaced after Pawar's death in a plane crash. Pawar humorously described his fear during the flight due to bad weather, while Fadnavis remained calm.
Congress leader Rahul Gandhi alleges he was prevented from quoting from former army chief MM Naravane's book in Parliament, claiming it criticizes PM Modi and Defence Minister Rajnath Singh's handling of the 2020 conflict with China.
The session will begin with President Ram Nath Kovind's address to the Lok Sabha and Rajya Sabha assembled together in the Central Hall and chambers of both the Houses in view of the COVID-19 situation.
Gandhi held up Naravane's unpublished "memoir" and said he would like the youngsters in India to know that this 'book' exists despite the government claiming otherwise.
Lok Sabha could function for only 45 hours this Budget Session against its scheduled 133.6 hours because of daily disruptions and frequent adjournments, a think tank data has shown.
Stock markets closed higher on Friday after the Reserve Bank of India kept its benchmark interest rate unchanged as expected and proposed allowing banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.
Several parties had requested that the session, which was originally scheduled to continue till April 8, be curtailed due to the five assembly elections being held in eight phases till April 29.
Congress women MPs in the Lok Sabha have accused Speaker Om Birla of bias, alleging he made false allegations against them under pressure from the ruling party to defend Prime Minister Narendra Modi's absence from the House.
The Budget Session of Parliament will commence on Monday and is scheduled to conclude on April 8 wherein the first part of the session will extend up to February 11, said the Lok Sabha Secretariat on Sunday.
'Storytelling will never change.' 'As long as storytelling can be unpredictable... AI cannot tell you an unpredictable story.'
The session will begin with the address of the President to the joint sitting of the two Houses on Friday morning followed by the presentation of the Union Budget on February 1.
The government told an all-party meeting Monday that it does not intend to bring any legislative business in Rajya Sabha during the first part of the Budget Session which is till February 11, sources said.
Budget session is likely to start from Feb 25.
The first part of the session will conclude on February 11. After a month-long recess, the part two of the session would begin from March 14 and conclude on April 8.
Stock market benchmark indices Sensex and Nifty surged in early trading session on Tuesday after India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from current 25 per cent.
The winter session of Parliament usually starts from the last week of November or the first week of December, while the budget session starts from the last week of January and the Union Budget is tabled on February 1.
The Congress party has accused the government of stifling opposition voices in the Lok Sabha, alleging that opposition leaders are not being allowed to express their views while the government side faces no such restrictions.
The session began with President Pranab Mukherjee's address outlining the government's agenda and vision.
The Railway Budget will be presented on February 25 while the Union Budget will be presented on February 29.
The opposition leaders are expected to meet at Leader of Opposition in Rajya Sabha Mallikarjun Kharge's office in the Parliament complex around 10 am, sources said.
Market sentiment is likely to remain cautious as investors position themselves for the upcoming Union Budget and the US Fed's interest rate decision, where expectations are muted.
Top leaders of the alliance met at Vajpayee's residence in the morning and decided to extend the boycott to the entire session.
It is the anti-rape law that poses the biggest challenge.
Notwithstanding pressure from pro-Telangana groups, the Centre may not take any decision on the demand for a separate state during the ongoing budget session of Parliament, which will continue till May 10. A government functionary said internal consultations within the government and the Congress Party have been going on and so a decision during the budget session is not likely.
Watch all the the debates and proceedings.
The early tabling of the financial Budget ends a 70-year tradition.
Top on the government's agenda would be getting Parliament's approval to the budgetary proposals and presentation of the budget for the Union Territory of Jammu and Kashmir.
The standoff between the government and the Opposition over the issue of Joint Parliamentary Committee on 2G spectrum, which led to the washing out of Parliamentary business in the entire winter session, could cast its shadow even on the budget session. And indication to this was given by Janata Dal-United chief Sharad Yadav on Saturday.
According to the Committee's recommendation, while Part 1 of the Budget session would be held from January 29 to February 15, Part 2 would be from March 8 to April 8.
The two Houses of Parliament will meet at separate times of the day for five hours each -- Rajya Sabha in the first half and Lok Sabha in the second half -- to ensure Covid distancing norms during the Budget Session beginning January 31.
Putting up a brave front after it failed to muster the numbers in the Rajya Sabha, the United Progressive Alliance government on Friday said the Lokpal Bill will "definitely" be brought before the Rajya Sabha during the Budget session even as Congress leader Digvijay Singh defended the move saying extension of the House on Thursday night was not possible.
Prime Minister Dr Manmohan Singh on Wednesday kept the hopes alive of many a ministerial aspirants by promising a "more expansive" exercise after the budget session of Parliament which concludes in May.
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