Budget session: All you need to know about the schedule, agenda, hurdles ahead

February 23, 2015

New Delhi, Delhi 23: The government, which is looking to pass key legislation, is set to face a stormy Budget session starting Monday despite its promise to walk the “extra mile” to accommodate the opposition’s concerns.

Budget sessionOn Sunday, Prime Minister Narendra Modi assured the Opposition of addressing all its concerns as his government sought support for the bills that will replace six ordinances, including the one that aims to overhaul the land law.

Parliament opens on Monday for what will be the first full budget session of the Modi government. The budget -- to be presented on February 28 -- will be closely watched for the economic path the government charts. The session will be a test of the NDA's floor management skills with a heavy legislative agenda lined up.

The session will begin with President Pranab Mukherjee's address to members of both Houses of Parliament that will indicate the government's agenda for the session.

"I can assure you that all the issues you have referred to will be discussed adequately and appropriately," the PM told an all-party meet Sunday evening.

Modi's reach-out mission started hours earlier when parliamentary affairs minister Venkaiah Naidu drove to the 10 Janpath residence of Congress chief Sonia Gandhi in the morning.

The Congress, however, remained non-committal, saying it couldn't back bills that were "anti-people".

"We have some concerns about the land law amendments," sources quoted Sonia as telling Naidu.

It was the first official engagement between the Modi government and the Congress president.

HT reported on February 20 that a senior Modi minister may meet Sonia to end the ordinance logjam, with the government planning to bring in the bills on Day 1 itself.

Farmers and social activists, led by Anna Hazare, are planning a sit-in against the land bill, which aims to make land acquisition easy for industry, to coincide with the opening day of the session.  

While another contentious legislation — the insurance bill — wasn't discussed, Sonia did tell Naidu that it would be "good" to have detailed discussion on other ordinances as well, sources said.

At the all-party meeting, Modi said it was the collective responsibility of leaders of all parties to ensure that the session ran smoothly.

"…Hope we can collectively work for the benefit of common man," he said.

Congress leader in Lok Sabha Mallikarjun Kharge, who was also present during the Sonia-Naidu meeting, and party colleague Ghulam Nabi Azad, leader of the Opposition in Rajya Sabha, did not promise anything. The Congress parliamentary party had not met for the session, they said.

Janata Dal (United) chief Sharad Yadav said the land proposals were worse than what existed during the British time.

During the session, the focus should be on financial matters and "we must discuss the special category status for different states," Biju Janata Dal leader Bhartruhari Mahtab said.

The opposition leaders also demanded that the PM repeat on the floor of the House the remarks about the government's commitment to religious tolerance and freedom.

Agenda in Parliament

The government enjoys a brute majority in Lok Sabha but in Rajya Sabha it is outnumbered by the Opposition, whose support is critical for law-making.

Naidu, interestingly, said there was a broad consensus on "five out of six" ordinances, indicating the government's willingness to negotiate a dilution of its land ordinance.

HT wrote on Sunday that the government may water down some clauses of the land bill, dubbed anti-farmer by opposition and various social groups.

The government aims to get Parliament's nod for 44 bills during the session. The coal block auction, insurance and motor vehicles law amendment (e-rickshaw) bills will be tabled in Rajya Sabha. The land bill will come up first in Lok Sabha.

The Rail Budget will be presented February 26, Economic Survey February 27 and General Budget February 28.

An official release said the financial business (11 items) includes presentation of and discussion on General and Railway Budget, voting on demands for grants, supplementary demands for grants for 2014-15 and excess demands, if any, for 2013-14.

The legislative agenda comprises introduction, consideration and passing of seven new bills by both the houses including the finance bill, 2015, and bills replacing the six ordinances.

While 10 new bills are slated to be introduced, the government's agenda includes passing of 3 bills pending in Lok Sabha and 7 in Rajya Sabha.

Those pending in the Lok Sabha are: The Constitution (122nd Amendment) Bill, 2014 relating to introduction of GST, The Lok Pal and Lok Ayuktas and other Related Law (Amendment) Bill, 2014 and The Repealing and Amending Bill, 2014. After being passed by Lok Sabha, these bills will be taken up by Rajya Sabha.

Bills pending in Rajya Sabha include 4 bills already passed by Lok Sabha - The Companies (Amendment) Bill, 2014, The Public Premises Eviction of Unauthorised Occupants) Amendment Bill, 2014, The Regional Rural Banks (Amendment) Bill, 2014, The Repealing and Amending (Second) Bill, 2014, and the Payments and Settlement Systems(Amendment) Bill, 2014.

Other pending bills are: The Prevention of Corruption (Amendment) Bill, 2013 and The Constitution (Scheduled Casts) Orders (Amendment) Bill, 2014.

The new bills pertain to on the National Cooperative Development Corporation, the Warehousing Corporation, Andhra Pradesh reorganisation, arbitration and conciliation, repeal of appropriation acts, registration of births and deaths, whistle blowers protection, Indian Institutes of Management, National Academic Depository and Identification of Scheduled Castes.

The non-legislative business for the session includes discussion on the motion of thanks to the President's address.

There will be 20 working days during the first half of Budget session and 13 in the second half.

During the intervening recess, standing committees will take up detailed examination of the demands for grants of different ministries.

 

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Agencies
August 8,2020

New Delhi, Aug 7: With the highest single-day spike of 62,538 cases, India's COVID-19 count rose to 20,27,075 on Friday, said Union Ministry of Health and Family Welfare.

The total cases include 6,07,384 active cases, 13,78,106 cured/discharged/migrated, and 41,585 deaths, according to the Ministry of Health.

The country's COVID-19 positive cases crossed the 10 lakh mark on July 17 when the total positive cases stood at 10,03,832 in India.

Maharashtra with 1,46,268 active cases and 3,05,521 cured and discharged patients continues to be the worst affected. The state has also reported 16,476 deaths due to the infection.

Tamil Nadu has 54,184 active cases while 2,14,815 patients have been discharged after treatment in the state. 4,461 deaths have been reported due to COVID-19 in the state.

Total COVID-19 cases in Andhra Pradesh are 1,96,789 including 1,12,870 recoveries, 82,166 active cases, and 1,753 deaths, as per the last health bulletin.

Delhi reported 1,192 new COVID-19 cases and 23 deaths on Friday. The total count of cases in the national capital has risen to 1,42,723. 

According to the Health Department, a total of 1,108 recoveries have been reported in Delhi in the last 24 hours.

The total number of cases includes 1,28,232 recoveries, 10,409 active cases, and 4,082 deaths.

According to the official data, 5,612 RT-PCR/CBNAAT/TrueNat tests and 17,773 rapid antigen tests were conducted today.

A total of 11,43,703 test has been conducted so far. The Union Health Ministry said that India continues its track record of testing more than 6 lakh COVID-19 samples each day for the fourth successive day.

"Expanded diagnostic lab network and facilitation for easy testing across the country have given a boost, and with 6,39,042 tests conducted in the last 24 hours, India has done 2,27,88,393 tests presently. The Tests Per Million (TPM) has seen a sharp increase to 16,513," the ministry said.

As many as 473 new COVID-19 cases were reported in Jammu and Kashmir today; 128 from Jammu division and 345 from Kashmir division.

The total number of cases stood at 23,927 including 7,260 actives cases, 16,218 recoveries, and 449 deaths.

The government of Mizoram informed that 19 new COVID-19 cases were reported in the state, taking the total number of cases to 558.
The number of active cases is 270 while 288 people have been discharged. No death reported in the state to date.

Bihar Health Department said, 3646 new cases reported in the state on August 6. Total tally reaches 71,794.

Similarly, 244 new COVID-19 cases, 77 recoveries, and five deaths were reported in Puducherry on Friday, taking the total number of cases to 4,862, including 1,873 active cases, 2,914 recoveries, and 75 deaths.

1,063 new cases of COVID-19 cases, 381 recovered and 23 deaths reported in Punjab in the last 24 hours. State tally rises to 21,930 including 7,351 active cases, 14,040 cured/discharged and 539 deaths.

Meanwhile, 1,074 new cases of COVID-19 and 22 deaths reported in Gujarat in last the 24 hours. State tally rises to 68,885 including 14,587 active cases, 51,692 cured/discharged and 2,606 deaths, the State Health Department said.

According to the Union Health Ministry, West Bengal has 23,829 active cases with 1,902 deaths so far while, Karnataka has 75,076 active cases of the virus with 80,281 recovered and 2,897 deaths so far.

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News Network
June 9,2020

New Delhi, Jun 9: Petrol price on Tuesday was hiked by 54 paise per litre and diesel by 58 paise a litre - the third straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 73.00 per litre from 72.46, while diesel rates were increased to Rs 71.17 a litre from Rs 70.59, according to a price notification of state oil marketing companies.

This is the third daily increase in rates in a row. Oil companies had on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

Prices were raised by 60 paise per litre each on both petrol and diesel on Sunday as well as on Monday. In all, petrol price has gone up by Rs 1.74 per litre and diesel by Rs 1.78 a litre in three days.

Oil PSUs - Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) - had put daily price revisions on hold soon after the government on March 14, hiked excise duty on petrol and diesel by Rs 3 per litre each.

Oil companies did not pass on that excise duty hike, as well as the May 6 increase in tax on petrol by Rs 10 per litre and Rs 13 a litre hike on diesel by setting them off against the decline in retail prices that should have effected to reflect international oil rates falling to two-decade low.

International rates have since rebounded and oil companies having exhausted all the margin are now passing on the increase to customers, an industry official said.

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News Network
January 6,2020

Jan 6: India’s Finance Ministry has delivered a challenge to its revenue collectors: meet tax targets despite $20 billion of corporate tax cuts.

Through a video conference on Dec. 16, officials were exhorted to meet the direct tax mop-up target of 13.4 trillion rupees ($187 billion), a government official told reporters. Collection in the eight months to November grew at 5% from a year earlier, against the desired 17%.

The missive shows Prime Minister Narendra Modi’s urgent need to buoy public finances in a slowing economy where April-November tax collections were half the amount budgeted. Authorities withheld some payments to states and have capped ministries’ expenditure as the fiscal deficit ballooned beyond the target.

The government’s efforts to maintain its deficit goal goes against advice from some quarters, including central bank Governor Shaktikanta Das, who urged more spending to spur economic growth.

It’s uncertain though how much room Modi’s administration has to boost expenditure, given that it may already be borrowing as much as 540 billion rupees through state-run companies, a figure that isn’t reflected on the federal balance sheet. Uncertainty about public finances pushed up sovereign yields in November and December, compelling Das to announce unconventional policies to keep costs in check.

“This is not a time to conceal the fiscal deficit by off-budget borrowing or deferring payments,” said Indira Rajaraman, an economist and a former member of the Reserve Bank of India’s board. “If they were to stick to the target, that would be catastrophic because there is so much pump-priming that is needed right now.”

GDP grew 4.5% in the quarter ended September, the slowest pace in more than six years as both consumption and investments cooled in Asia’s third-largest economy. Only government spending supported the expansion, piling pressure on Modi to keep stimulating.

S&P Global Ratings warned in December it may downgrade India’s sovereign ratings if economic growth doesn’t recover. Government support seems to be waning now, with ministries asked to cap spending in the final quarter of the financial year at 25% of the amount budgeted rather than 33% allowed earlier. This new rule will hamstring sectors including agriculture, aviation and coal, where not even half of annual targets have been disbursed.

As the federal government runs short of money, it’s been delaying payouts to state administrations.

Private hospitals have threatened to suspend cash-less services to government employees over non-payment of dues, while a builder informed the stock exchange about delayed rental payments from no less than the tax office itself.

India is considering a litigation-settlement plan that will allow companies to exit lingering tax disputes by paying a portion of the money demanded by the government, the Economic Times newspaper reported Saturday.

The move will help improve the ease of doing business besides unlocking a part of the almost 8 trillion rupees ($111 billion) caught up in these disputes. The step, which is being considered as part of the annual budget, could also bridge India’s fiscal gap.

Finance Minister Nirmala Sitharaman has refused to comment on the deficit goal before the official budget presentation due Feb. 1.

A deviation from target, if any, “will need to be balanced with a credible consolidation plan further-out,” said Radhika Rao, an economist at DBS Group Holdings Ltd. in Singapore.

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