Parliament Monsoon Session 2022 Live Updates: As Monsoon Session of the Parliament continues, Union Finance Minister Nirmala Sitharaman addressed the Rajya Sabha on the price rise debate in the House on Tuesday, 2 August.
"Indian economy, compared to the situation in many developing economies, is definitely better. That doesn't mean we're running away from saying... because of the imported supply chain problems and global commodity prices, we are being impacted. These are realities and we are here to answer on them," the finance minister said in the Upper House.
Both Houses have been adjourned for the day.
"I think this is happening for the first time in the history of independent India that the rural inflation of the country is more than the urban inflation," AAP MP Raghav Chadha had said during the debate.
In the Lok Sabha, the Wild Life (Protection) Amendment Bill, 2021 is up for consideration and passing.
The Monsoon Session, which began on 18 July, is scheduled to end on 12 August
Finance Minister Nirmala Sitharaman addressed the issue of price rise in the Lok Sabha, and said that there was no question of India falling into recession
The Rajya Sabha had passed the Indian Antarctic Bill, 2022, on Monday
The Rajya Sabha on Monday had also passed the Weapon of Mass Destruction Bill amid sloganeering by the members of the Opposition who were protesting against the arrest of Shiv Sena MP Sanjay Raut
Suspension of four Congress Lok Sabha MPs, who were suspended for the rest of the Monsoon Session, was revoked on the condition that they will not bring placards into the House
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Rajya Sabha Adjourned
The Rajya Sabha was adjourned after Finance Minister Nirmala Sitharaman's reply to the debate on price rise.
'Have Contained Rates of Tomato, Onion, Potato': Finance Minister
"We have contained the prices of tomato, onion, and potato," said Sitharaman, comparing the rates of the same with those in November 2013, when the price of onion had touched Rs 100 a kilo.
"Whether I eat onions or not, we work to make sure it is affordable for everyone," she said.
'All States Agreed To Levy 5% GST on Labelled Food Items': FM Defends GST Policy
Finance Minister Nirmala Sitharaman, defending the levy on food items, said, "Every state taxed some or the other food items such as cereal, pulses, curd, lassi, buttermilk."
Here are some other related remarks made by her:
There is no GST on withdrawal of cash from banks
GST tax only on bank purchasing cheque book from printer; no tax on customer cheques
All states at the GST Council agreed to proposal to levy 5 percent GST on pre-packed, labelled food items; not one person who spoke against
No GST on hospital bed or ICU, tax only on room with Rs 5,000 per day rent
No GST on crematorium; tax only on construction of new crematorium
"The latest 47th meeting which was held in Chandigarh, it's a matter of record that all states agreed to the proposal. There was not even a single disagreement," she added.
Lok Sabha Adjourned
The Lok Sabha was adjourned till Wednesday.