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
'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.
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.
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.