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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News Network
June 13,2020

Jun 13: The Congress on Saturday accused the BJP-led government of burdening the common man with high taxes on petrol and diesel and earning Rs 2.5 lakh crore since March 5.

Congress leader Kapil Sibal said while international crude oil prices have fallen and are at the lowest level in 15 years, yet petrol and diesel prices are skyrocketing and common people continue to suffer under the Modi dispensation.

He said instead of passing the benefit of lower crude prices to consumers, petrol and diesel prices were hiked for the seventh straight day on June 13.

"The government has earned as much as Rs 44,000 crore in the last six days due to hike in petrol, diesel prices. Since March 5, the government has earned as much as Rs 2.5 lakh crore by way of increasing petrol, diesel prices.

"If the government had even the slightest feelings for the common man, instead of benefitting the companies and the government, the prime minister would have helped the common man with reduced fuel prices," Sibal said at an online press conference.

According to a report by Care Ratings, he said the hike effectively meant that the Central government is collecting around 270 per cent taxes on the base price of petrol and 256 per cent in case of diesel.

The former union minister said petrol was selling at Rs 71.41 in Delhi on May 1, 2014, when international crude oil prices were USD 106.85, while on June 12, 2020, the price of petrol was Rs 75.16 when the crude oil was at USD 38.

He said central excise and VAT cumulatively account for 69 per cent of tax on fuel in India which is higher than anywhere else in the world. He said the tax of fuel in the US was 19 per cent, Japan 47 per cent, the UK 62 per cent, France 63 per cent and Germany 65 per cent.

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March 27,2020

Mumbai, Mar 27: The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind.

The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also, it reduced the cash reserve ratio maintained by the banks for the first time in over seven years. CRR for all banks was cut by 100 basis points to release Rs 1.37 lakh crore across banking system.

The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

RBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune.

It all depends how India responds to the situation, he said.

Global slowdown could make things difficult for India too, despite some help from falling crude prices, Das said, adding food prices may soften even further on record crop production.

Aggregate demand may weaken and ease core inflation further, he noted.

The liquidity measures announced include auction of targeted long-term repo operation of 3 year tenor for total amount of Rs 1 lakh crore at floating rate and accommodation under Marginal Standing Facility to be increased from 2 per cent to 3 per cent of Statutory Liquidity Ratio (SLR) with immediate effect till June 30.

Combined, these three measures will make available a total Rs 3,74,000 crore to the country's financial system.

After cutting policy rates five times in 2019, the RBI had been on a pause since December in view of high inflation.

The measures announced come a day after the government unveiled a Rs 1.7 lakh crore package of free foodgrains and cash doles to the poor to deal with the economic impact of the unprecedented 21-day nationwide lockdown.

While the Monetary Policy Committee (MPC) of the RBI originally was slated to meet in the first week of April, it was advanced by a week to meet the challenge of coronavirus.

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News Network
January 11,2020

New Delhi, Jan 11: Islamic preacher Zakir Naik has revealed that the Bharatiya Janata Party-led government offered to drop false money-laundering charges against him and provide with a "safe passage to India" in return for his support to the government's move to revoke Article 370 of the Constitution.

In a statement issued by Naik's PR team on Saturday, the Islamic preacher said that he was approached by a representative of the Indian government in September, who offered him the said deal on Kashmir, which he refused.

"Three and a half months before, the Indian officials approached me for a private meeting with a representative of the Indian government. When he came to Putrajaya (a Malaysian city), in the fourth week of September 2019, to meet me, he said that he is coming after personally meeting and under the direct instructions of the Prime Minister of India Narendra Modi and the Home Minister of India Amit Shah," Naik said in a video statement released by his Mumbai-based PR team.

Naik, who has been living in Malaysia for the last three years, is facing charges of inciting communal disharmony and committing unlawful activities in India.

"(The representative) said that he wanted to remove the misconceptions and miscommunications between myself (Naik) and the Indian government, and wants to provide me a safe passage to India," he added. "He (the representative) said that he would like to use my connections to better the relationship between India and the other Muslim countries."

"The meeting lasted for several hours. He told me that he wanted me to support the BJP government when they revoked Article 370 in Kashmir. And I flatly refused," he added.

Naik said that after he refused the offer, he was further asked to not make public statements against the BJP or Prime Minister Narendra Modi.

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