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Showing posts with the label BUDGET SESSION

Budget session 2021: PM Modi to chair all-party meeting on Jan 30

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  Prime Minister Narendra Modi will chair an all-party meeting on January 30 during which the government will put forth its legislative agenda for the Budget session of Parliament, Parliamentary Affairs Minister Pralhad Joshi said on Wednesday. He said the meeting will be held virtually and an invitation has been extended to floor leaders of all parties. An all-party meeting is a customary procedure before the beginning of every session of Parliament to ensure its smooth functioning.However, this time it is being held a day after the session starts on January 29. "The all-party meeting will be held on January 30, where government will put forth its legislative business for the Parliament session and would also listen to the opposition's suggestions," Joshi told PTI. Read More

FM introduces 'Vivad Se Vishwas' Bill in LS for disputed tax resolutions

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Finance Minister Nirmala Sitharaman on Wednesday introduced a bill in Lok Sabha which seeks to provide for resolution of disputed tax cases involving Rs 9.32 trillion. Introducing the Direct Tax Vivad Se Vishwas Bill , 2020, the minister said this bill emphasises on trust building. The scheme, she said, will not be an open ended scheme and can be availed for a limited time. The bill seeks to provide a formula-based solution without any discrimination, she said. Giving the rationale behind the scheme, Sitharaman said it will reduce the litigation expenditure for the government and at the same may help in generating some revenue. Opposing the introduction of the bill, Congress leader Adhir Ranjan Chowdhury said the bill's name is drafted in Hindi and the government is trying to impose one specific language on the country. Read More