Page 22 - Lok Sabha

Income-Tax Bill empowers taxman to ask for access to electronic systems

Scrutinising crypto, other virtual digital assets may become easier

Select Committee of Lok Sabha to examine Income Tax Bill constituted

Lok Sabha Speaker Om Birla on Friday constituted a 31-member Select Committee of the lower house to examine the Income Tax Bill. To be headed by BJP's Baijayant Panda, the panel is mandated to submit its report by the first day of the next session. The ongoing Budget Session will conclude on April 4 and the Monsoon session could commence in the third or fourth week of July. While introducing the Bill in the Lok Sabha on Thursday, Finance Minister Nirmala Sitharaman had urged Birla to refer the draft law to a Select Committee of the House. The much-anticipated Bill will replace terminologies such as "assessment year" and "previous year" with the easier-to-understand "tax year" as part of a move to simplify language while removing provisos and explanations.

Parliament session updates: FM says Congress-ruled states not spending their funds on capex

Parliament news updates: Catch all the news developments related to proceedings in the Parliament here

Govt lists Income-Tax Bill, 2025 for introduction in Lok Sabha on Feb 13

The government has listed a bill to consolidate and amend the law relating to income-tax for introduction in the Lok Sabha on Thursday. According to the agenda circulated by the Lok Sabha secretariat on Wednesday, Finance Minister Nirmala Sitharaman will introduce the Income-Tax Bill, 2025. The much-anticipated Bill will replace terminologies like assessment and previous year with easier to understand 'tax year' as part of move to simplify language while removing provisos and explanations.

Govt plans Rs 5 lakh fine, up to 5 yr jail for illegal entry under new bill

Stricter measures for foreign nationals entering India are part of the Immigration and Foreigners Bill, 2025, set to be introduced in the Lok Sabha

'Targeted Budget, focused on rich, big people': Akhilesh Yadav in Lok Sabha

The SP chief also said that the budget does not reflect a roadmap to making the country a developed nation

Budget Session highlights: Govt using 99% borrowings for capex, which is 4.3% of GDP, says FM

Parliament Budget Session: Catch all the Parliament updates here

Translation services extended to 6 new languages in Parliament: Om Birla

Translation services were available in 10 languages including Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Tamil, and Telugu, in addition to Hindi and English

Delhi HC lists Engineer Rashid's bail plea on Feb 24 after SC clarification

The Delhi High Court on Tuesday listed for hearing on February 24 a plea by jailed MP Abdul Rashid Sheikh alias Engineer Rashid on the issue of lack of a forum to decide his bail plea in a terror funding case. Justice Vikas Mahajan deferred the hearing after he was informed by the counsel for the high court administration that the Supreme Court on Monday clarified that the NIA court dealing with the case could hear the bail plea. Rashid had moved the high court earlier, alleging he did not have a remedy after the NIA court dealing with his bail application left him in a limbo after his election to the Lok Sabha last year on account of it not being a special MP/MLA court. As an interim relief, Rashid was on Monday allowed a two-day custody parole to attend the ongoing Parliament session on February 11 and 13. In view of the development in the top court, Justice Mahajan on Tuesday orally asked Rashid's lawyer to approach the NIA court for bail. The MP's counsel, however, urged the c

Cong MPs give notice for adjournment in LS over price rise, Manipur crisis

In his notice, Vijay Kumar said that the continuous rise in the prices of essential goods, especially milk, vegetables, cooking oils, and other daily-use items is affecting millions of citizens

Draft UGC norms empower universities in faculty selection, says Pradhan

In a written response to a parliamentary question, Pradhan stated that the draft regulations aim to foster innovation, inclusivity, flexibility, and dynamism in higher education

Cong MP moves adjournment motion over treatment of Indians deported from US

Congress MP Manish Tewari claimed that, according to US estimates, approximately 725,000 undocumented Indians reside in the United States, with 24,000 currently held in detention facilities

Cong MP moves adjournment motion over arrest of 14 fishermen by SL Navy

Congress MP Manickam Tagore also pointed out that it is not an 'isolated incident' as in recent weeks, the Sri Lankan Navy has detained Indian fishermen on several occasions

Hope to introduce new income tax bill in Lok Sabha next week: FM Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week. After introduction in the Upper House, the bill will be sent to a parliamentary standing committee for scrutiny. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the bill on Friday. "Yesterday, the Cabinet cleared the New Income Tax proposal, I hope to have it introduced in the Lok Sabha in the coming week. Post that it will go to a committee," Sitharaman said a media briefing after addressing the post-Budget customary meeting with the central board of directors of the Reserve Bank of India (RBI). The bill will again go to the Cabinet after the parliamentary committee gives its recommendations on it. After Cabinet approval, it will again be introduced in Parliament. "I still have three critical stages to pass through," Sitharaman said to the query regarding rollout of the new

Fixed ceiling, retail prices to ensure affordable cancer drugs: Govt in LS

In response to a parliamentary query, the ministry said that the Department of Pharmaceuticals, through the National Pharmaceutical Pricing Authority (NPPA)

Parliament Budget Session highlights: We're realising Ambedkar's dreams via Mudra scheme, says PM

Parliament Budget Session: Catch all the Parliament updates here

Uproar in LS over deportation of Indians from US, House adjourned till 2 pm

Lok Sabha proceedings were adjourned till 2 pm on Thursday amid vociferous protests by opposition members on the issue of deportation of illegal Indian immigrants from the United States. As soon as the House reassembled at 12 noon after the first adjournment of the day, the opposition members were on their feet trying to raise the issue. Congress members had submitted notices to move adjournment motions. Raising slogans against the government, opposition members trooped into the Well of the House. BJP member Dilip Saikia, who was in the Chair, adjourned the proceedings till 2 pm after laying of parliamentary papers on the table of the House. Earlier, the Lok Sabha was in turmoil when it convened for the day. Speaker Om Birla tried to pacify the agitating members by saying that the government has taken note of their concerns seriously. "The issue is serious. It is a matter of foreign policy. The government has taken it seriously. The foreign country also has its own rules and ...

Both Houses adjourned till noon after ruckus on deportation of Indians

Opposition MPs were continuously sloganeering and demanding to discuss the issue of deportation of Indian nationals

Gogoi moves adjournment motion in LS on deportations of Indians by US

In his notice, Gogoi said that reports have surfaced of these individuals being shackled and treated in a degrading manner during their deportation process

Over Rs 2,000 cr distributed to 1.16 mn Sahara Group depositors: Amit Shah

Union Home Amit Shah said that the refunds are being processed with full transparency, contingent on proper identification and submission of valid proof of identity and deposits