Parliament Update: Finance Bill on Lok Sabha Agenda, Banking Laws Bill in Rajya Sabha
Click to start listening
Synopsis
On March 24, the Indian Parliament will resume proceedings with key legislative discussions. The Lok Sabha will consider the Finance Bill for 2025, while the Rajya Sabha will deliberate on the Banking Laws Amendment Bill. Various ministers will also present reports on significant issues affecting their ministries, ensuring a busy session.
Key Takeaways
- The Finance Bill, 2025 will be moved for approval in Lok Sabha.
- The Banking Laws (Amendment) Bill, 2024 is on the agenda in Rajya Sabha.
- Updates on various ministries are expected from key ministers.
- Various reports will be presented regarding ongoing government initiatives.
- Parliamentary committees will deliver insights on implementation statuses.
New Delhi, March 24 (NationPress) The two Houses of Parliament are set to resume their sessions on Monday. In the Lok Sabha, Union Finance Minister Nirmala Sitharaman will present The Finance Bill, 2025 for deliberation and approval, while in the Rajya Sabha, she will advocate for the passage of The Banking Laws (Amendment) Bill, 2024.
Within the Lok Sabha, FM Sitharaman will introduce the Bill aimed at implementing the financial proposals of the Central government for the fiscal year 2025-2026.
Union Minister Pankaj Chaudhary will provide an update on the execution of the recommendations outlined in the 1st Report of the Standing Committee on Finance regarding the Demands for Grants (2024-2025) for the Ministry of Finance.
Minister Suresh Gopi will discuss the implementation status of the recommendations from the 364th Report of the Standing Committee on Transport, Tourism, and Culture, focusing on the government's actions related to the 343rd Report concerning the Demands for Grants (2023-2024) linked to the Ministry of Tourism.
Harsh Malhotra, the Minister of State in the Ministry of Corporate Affairs, will give updates regarding his department.
Members Faggan Singh Kulaste and Vishnu Dayal Ram will present the third report of the Committee on the Welfare of Scheduled Castes and Scheduled Tribes (2024-2025), detailing government actions on recommendations from the 27th report (17th Lok Sabha) concerning the Implementation of Reservation Policy in the Government of NCT of Delhi, including the socio-economic development of Scheduled Castes/Scheduled Tribes.
Members Parshottambhai Rupala and Dr Mallu Ravi will lay out the reports from the Standing Committee on Industry focusing on the promotion of electric vehicles in the nation.
Six ministers will present reports addressing various issues regarding their respective departments.
In the Rajya Sabha, Union Minister Hardeep Singh Puri will propose amendments made by the Lok Sabha to the Oilfields (Regulation and Development) Amendment Bill, 2024 for consideration.
This Bill was returned by the Lok Sabha with amendments and was initially passed by the Rajya Sabha on December 3, 2024. The Lok Sabha subsequently approved the Bill with amendments during its session on March 12.
The Banking Laws (Amendment) Bill, 2024 will also be presented by Finance Minister Nirmala Sitharaman for passage.
This Bill was introduced by Union Minister Pankaj Chaudhary on December 9, 2024, seeking to amend several acts including the Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949.
Moreover, Minister Shripad Yesso Naik will provide an update on the implementation of recommendations from the 19th Report of the Department-related Parliamentary Standing Committee on Energy regarding the Delay in execution/completion of Power Projects by Power Sector Companies.
