Parliament: Lok Sabha Passes Finance Bill 2022
Catch all the live updates from the Budget Session of the Parliament here.
Indian Parliament. Representational Image.
(Photo: Altered by The Quint)
The Lok Sabha on Friday, 25 March, passed the Finance Bill, 2022. This marked the completion of the budgetary exercise for the financial year 2022-23.
Earlier, Minister of State Home Affaira Nityanand Rai introduced the Delhi Municipal Corporation (Amendment) Bill 2022 in the Lok Sabha.
With the second leg of the Budget Session of Parliament underway, the Lok Sabha and Rajya Sabha resumed at 11 am on Friday.
The Parliament had adjourned on Thursday amidst protests from Kerala Congress MPs over the SilverLine semi-speed rail corridor project. They were later stopped by the Delhi Police from marching to Parliament.
The Rajya Sabha Business Advisory Committee meeting will also be held in Parliament on Friday.
Lok Sabha passed The Appropriation Bill, 2022
Railway Minister Ashwini Vaishnaw said in Rajya Sabha on Thursday that there are no plans to privatise the Railways
Opposition members on Wednesday sloganeered against the Narendra Modi government, demanding a rollback of the hike in prices of LPG, petrol, and diesel
TMC MP Sudip Bandyopadhyay said in the Lok Sabha on Thursday that 21 people have been arrested in the case of Birbhum violence in Bengal
The second leg of the session is scheduled from 14 March to 8 April. Standing committees evaluated budgetary allocations in the recess after the first leg ended on 11 February
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Adjournment Motion To Discuss the Establishment of Navodaya Vidyalayas
Telangana Rashtra Samithi (TRS) Rajya Sabha MP K Keshava Rao has moved Adjournment Motion under Rule 222 to discuss the establishment of Navodaya Vidyalayas by dispensing with the other business of the House.
Zero Hour Notice in RS Over the Inhumane Treatment of People in Birbhum
BJP MP Roopa Ganguly has moved a Zero hour notice in Rajya Sabha over the inhumane treatment meted out to women and children in West Bengal's Birbhum.
Zero Hours Notice To Withdraw the MP Quota for Admission in Kendriya Vidyalayas
BJP MP Sushil Modi has moved a Zero Hour Notice in the Rajya Sabha to withdraw the Member of Parliament Quota for admission in Kendriya Vidyalayas.
Adjournment Motion To Discuss Increase in Fuel Price Hike
Congress MP Manickam Tagore has moved an adjournment motion for discussing increase in price of diesel, petrol, LPG cylinders.
What's on Rajya Sabha's Agenda for Today?
The agenda of the Rajya Sabha for the day is as follows:
Question Hour
Private Members' Business (Resolutions)
What's on Lok Sabha's Agenda for Today?
The agenda of the Lok Sabha for the day is as follows:
Question Hour
Matters Under Rule 377
Bills Listed: The Delhi Municipal Corporation (Amend) Bill, 2022 & The Finance Bill, 2022
Private Members' Business (Resolutions)
MoS Home Nityanand Rai Tables Delhi Municipal Corporation (Amendment) Bill 2022
Minister of State Home Affairs, Nityanand Rai, introduced the Delhi Municipal Corporation (Amendment) Bill, 2022, in Lok Sabha on Friday.
Revolutionary Socialist Party (RSP), Congress, and the Bahujan Samaj Party (BSP), have opposed the introduction of the bill.
The Union Cabinet had approved 'The Delhi Municipal Corporation Amendment Act 2022' on Tuesday, which would create a unified Municipal Corporation of Delhi by merging the three existing municipal corporations.
BJP MP Demands President's Rule in West Bengal
BJP MP Roopa Ganguly broke down in the Rajya Sabha over the Birbhum incident, and said, "We demand President's rule in West Bengal. Mass killings are happening there, people are fleeing the place... the state is no more liveable."
She later said, "People can't speak in West Bengal. The government is protecting the murderers. There is no other state where government kills people after winning elections. We are human beings. We don't do stone-hearted politics."
Rajya Sabha Adjourned Till 2:30 pm
After the end of the question hour, Rajya Sabha was adjourned till 2:30 pm.
FM Sitharaman Moves Finance Bill 2022
Finance Minister Nirmala Sitharaman has moved the Finance Bill 2022 in the Lok Sabha.
The bill will give effect to the financial proposals of the central government for the financial year 2022-23.
The government has proposed 39 amendments to the Finance Bill, 2022, including changes to the crypto tax structure; penalty provisions on publication of import-export data and status of past income computations that claimed deduction of disallowed cess and surcharges, Bloomberg reported.
Not Raised Taxes to Fund Economic Recovery: FM
Finance Minister Nirmala Sitharaman said in the Lok Sabha on Friday that the government has not raised taxes to fund economic recovery.
"Corporate tax reduction helped economy, government and companies. Corporate tax mop-up at Rs 7.3 lakh crore so far this fiscal," she said.
"We have imposed customs duty on umbrella to encourage MSMEs," she added.
Taxpayer Base Has Increased to 9.1 Cr: FM
Taxpayer base has increased to 9.1 crore from 5 crore a few years ago, Finance Minister Sitharaman informed.
'The Finance Bill, 2022' Passed in Lok Sabha
'The Finance Bill, 2022' has been passed in Lok Sabha.
"We as a government strongly believe in lowering taxes, bringing the burden on common man lower, and we are continuously and successfully doing it," the Finance Minister said.