New Delhi:
Sixteen bills, including Finance Bill 2025, WAQF and Amendment in the WAQF and Banking Regulation Act and merger of Indian Railways and Indian Railway Board Acts, will be included in the budget session of Parliament, which begins with the Economic Survey 2024/25 on Friday. Is.
13 other people are likely to amend the session disaster management and oil sector (regulation and development) laws. A bill to deal with coastal and business shipping and another Tribon Sahkari University can re -name the institute of Rural Management Anand and declare it a ‘institution of national importance’.
Bills and entry of foreigners are also expected to protect the financial interests related to the aviation sector and to change the current rules related to immigration.
Finally, another major bill is expected that the re -construction of the representation of Scheduled Tribes in the assembly constituencies of the state of Goa. As the name suggests, it wants to re -allocate assembly seats in the state so that it can better represent its ST communities.
This session will see large -ticut items, which will see Finance Minister Nirmala Sitarman presenting an eighth Union Budget – there are Waqf (amendment) and finance bills, except for the record of 10 prescribed by Morarji Desai.
Waqf (Amendment) Bill
The bill that proposed 44 changes in Waqf laws – the way Muslim charitable properties have been managed in this country – was presented in Parliament in August last year.
The controversial bill staged a fierce protest with the opposition, as it was collided, and a joint committee led by BJP MP Jagdambika Pal was referred to. JPC – which was held in about three dozen sites, but was chaotic and protested against the opposition members who said that their concerns were being ignored – submitted their reports this week.
Read | Waqf Amendment Bill cleaned by house panel with 14 changes
The house panel made 14 recommendations from all the ruling BJP or its allies, while rejecting 44 made by opposition MPs between the two sides.
NDTV explains. Rules on non-Muslim members amid changes in WAQF law
Recommendations, and bills are expected in this session.
Finance bill
The Finance Bill is important for several reasons, the most important of which is a new direct tax code, resulting in the Income Tax Act of 1961 will be a complete overhaul of the current Income Tax Act.
The new code is expected to make the income tax laws easy to read, understand and follow, as well as it makes it easier for taxpayers to calculate their outstanding and file returns.
Read | New, ‘Saral’ Income Tax Act in Budget 2025? Sources said …
However, today’s sources told NDTV that the new code cannot be presented as part of this finance bill, but as a separate document in the latter date.
This, the Finance Bill will still have many significant improvements, and it will be central for the implementation of all Ms. Sitaraman’s budgetary proposals.
There is also amendment in banking laws which the Center has said that the banking sector will strengthen the government and will also increase the convenience of consumers and customers regarding the enrollment and security of investors.
Other bills
Updates will be seen in maritime laws, in which bill bills, C Bills by C Bill, Coastal Shipping Bill, and Merchant Shipping Bill, will be determined to modernize the shipping rules with 2024.
The Olfields Amendment Bill will propose an update for laws controlling oil discovery and extraction. The boiler bill will introduce new safety rules for boilers in industrial applications.
Another major legislative proposal is the Disaster Management (Amendment) Bill, which will transfer the responsibility of formulating disaster to central and state-level forces, and will ensure an update database for both, to ensure a sharp and more efficient response .
With input from agencies
(Tagstotransmit) Parliament Budget Session (T) Union Budget 2025 (T) Nirmala Sitarman
