News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Finance BillBudget (Interim)Budget-2006
Finance Bills »
 The Companies (Removal Of Difficulties) Seventh Order - dated 4th Sept 2014 New
 Finance & Commerce Ministry to discuss draft BIPA model tomorrow
 Union Finance Minister Shri Arun Jaitley said that the revenue targets fixed for Direct Taxes for the current Financial Year 2014-15 would not only be achieved but would also be surpassed
 Finance ministry may pitch for higher tax exemption on health insurance
 Finance minister reviews annual performance of public sector banks and financial institutions for 2013-14; calls for tougher action against wilful defaulters; highest ever more than 10,000 new branches opened during 2013-14
 India Infrastructure Finance Company to raise Rs 7,000 crore through tax-free bonds
 Finance Ministry hopes RBI focusses on promoting growth in policy tomorrow
 Wary of chit fund scam, finance ministry to fast-track Prize Chit Banning Act amendments
 Finance Ministry appoints auditors without consulting RBI, step aimed at avoiding conflict of interest
 Parliament heads for gridlock as consent on financial reform bills unlikely
  NBA players take high-stakes fight to court

15 bills passed by parliament in budget session
May, 10th 2010

The financial agenda of the government dominated the budget session of parliament which concluded Friday with 15 bills passed by both houses including a legislation to set up green courts in the country.

Nine of the 15 legislations related to the financial business of the government including the finance bill and railway appropriation bills.

The other bills passed include The Ancient Monuments and Archaeological Sites and Remains (Amendment and Validation) Bill, 2010, the National Green Tribunal Bill, 2010, The Payment of Gratuity (Amendment) Bill, 2010, the Employees State Insurance (Amendment) Bill, 2010, the Plantations Labour (Amendment) Bill, 2010 and the Tamil Nadu Legislative Council Bill, 2010.

Briefing reporters about the budget session, Parliamentary Affairs Minister Pawan Kumar Bansal told reporters here that the two houses had 32 sittings. While 70 hours were lost due to adjournments in the Lok Sabha, 45 hours were lost in the Rajya Sabha, he said.

The government introduced 27 bills in the Lok Sabha and 10 bills in the Rajya Sabha, and the lower house passed 20 bills while 16 bills were passed in the upper house.

Answering queries on the women's reservation bill which was passed in the Rajya Sabha but could not be brought in the Lok Sabha, Bansal said that the government has to meet leaders of political parties for another round of consultations to sort out differences on the legislation.

Asked about instances of ruling party members causing disruptions, he said the members from treasury benches should not indulge in tactics that disrupt proceedings.

Denying that the government faced difficulties during the session, Bansal said that parties which had joined hands with the opposition on certain issues, had not withdrawn support to the ruling alliance.

Citing introduction of nuclear liability bill in the Lok Sabha as an instance of the success of floor management of the government, he said the opposition had moved away from its initial resolve to oppose the bill at the introduction stage and had staged a walk-out.

On the proposal to hike salaries of MPs, Bansal said the report has been submitted to the presiding officers of the two houses.

He said his ministry will take a call on the report and prepare a cabinet note after discussions with the finance and law ministries. He said there was demand for hike in salaries of MPs as salaries of government employees had risen substantially due to recommendations of the Sixth Pay Commission.

Asked about some bills having been passed without discussion, Bansal said the situation had been created due to proceedings of the houses being disrupted.

The budget session of Parliament, spread over two parts, began Feb 22 and ended May 7.

The two houses were in recess from March 17 to April 14 to enable the department- related standing committees to examine the demands for grants relating to various ministries.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions