Finance Minister Nirmala Sitharaman to move the The Finance Bill, 2022 for consideration.
Finance Minister Nirmala Sitharaman to move the The Finance Bill, 2022 for consideration.
Lok Sabha, on the eighth day of the second part of the Budget session, saw Opposition members protesting against the fuel price hike, leading to a short adjournment.
The Appropriation Bill, 2022, which will allow the Centre to authorise payment and appropriation of certain sums from and out of the Consolidated Fund of the Union Territory of Jammy and Kashmir for the services of the Financial Year 2021-22 and 2022-23 respectively, was passed by the House.
Members also held a discussion on Demands for Grants under the control of the Ministry of Commerce and Industry for 2022-23.
Today, Union Minister for Home Affairs Amit Shah is set to introduce a Bill further to amend the Delhi Municipal Corporation Act, 1957. Union Finance Minister Nirmala Sitharaman will move the The Finance Bill, 2022 for consideration.
Here are the latest updates:
2.04 p.m.
‘You have to take a strong action about crypto’
Supriya Sule (NCP) speaks on the Finance Bill, 2022. “We are talking about big issues of Russia and Ukraine, and those discussions should happen, but we also need to talk about the price of Petrol and Diesel,” she says.
I request this government to take this issue of inflation very seriously, she says.
“Everyone’s view is that crypto is not good for this country…then why are you not banning it? Why are you taxing it 30%? You say that the crypto industry is shaken by the government, no one is scared of 30%, everything is going on in the dark net. You have to take a strong action about crypto, if you say you are a strong government, either you completely ban it or bring complete clarity on it,” she says about the cryptocurrency issue.
On the matter of taxation, specifically the goods and services tax, Ms. Sule says the idea to introduce GST was good but this government is sending confusing signals on it. She also said that people in her state are being imprisoned for minor errors in GST compliance, adding that “if the government is capable of making errors in the Finance Bill, it should spare the common man.”
1.45 p.m.
‘Insert a provision that Amaravati is and will remain the only capital of Andhra Pradesh’
“India cannot insulate itself from these developments,” Jayadev Galla (TDP) says addressing the House citing the current Russian invasion of Ukraine.
Speaking on the city of Amaravati, he urges the government to support the development of Amaravati as a world-class city, and to insert a provision that Amaravati is and will remain the only capital of Andhra Pradesh.
He speaks on the issue of resource gap between Andhra Pradesh and the country.
“Reverberations of war, geopolitical scenario around Russia-Ukraine conflict…I feel it further will tilt the balance of risks downwards…I would just like to know whether any fresh assessment has been made by the ministry,” he says.
Continuing on the implications of the Russia Ukraine crisis, he speaks on the issue of Wheat exports, and the rise of price of wheat in international market. He concludes by asking questions on the Russian offer of discounted oil .
1.30 p.m.
‘How do you expect the people to spend when they have no income’
“The Finance Minister has conveniently ignored the aspirations and problems faced by the taxpayer,” K. Sundaram (DMK) says rising to oppose the Bill.
“How do you expect the people to spend when they have no income,” he adds.
He calls upon the government to exempt cotton, cotton fibre, and textile material from custom duty for next five years to boost the industry.
He says that this bill has ignored taxpayers and common man.
1.02 p.m.
‘No economy in the world has escaped from the problems that came from the pandemic’
Nishikant Dubey (BJP) rises to address the House.
He says no economy in the world has escaped from the problems that came from the pandemic, and congratulates the Finance Minister on the Bill.
“I am anticipating that Congress and their allies will speak on the rising fuel prices and inflation. They will ask us what we have done in the last 7 years. But what can we do, what you have left with us, we will have to speak about that,” says Mr. Dubey.
The country that was forced to import foodgrains is not exporting foodgrains, he says adding that similarly we want to reduce our dependence on Petrol and Diesel products, and move towards alternatives.
The notion that we are increasing the prices of Petrol and Diesel, should be done away with, Mr. Dubey says citing the VAT percentages levied on fuel by different States.
Addressing the topic of cryptocurrency, he says that during the time of UPA in 2013-14, the government did not pay heed to crypto. He says that today bribes and drug deals are taking place in crypto.
Who is the owner of this crypto, no one knows, he says. Citing newspaper reports he says that it is being written that the government has shaken the crypto industry, and that the government is moving towards its own digital currency.
Responding to the GST issues raised earlier in the day, he says, “We were not the ones who wanted to bring GST. You introduced the GST bill in 2010-11, and the Committe made by you took away all powers from the State.”
He adds that GST provisions in the current budget aim at closing the GST loopholes.
12.50 p.m.
‘Extend tenure of GST compensation’
Gaurav Gogoi continues to address the House on the Finance Bill, 2022.
He raises the issue of high-earners leaving the country, and further asks the government’s plan in the wake of the Ukraine crisis.
“I do hope that the Minister in her reply, mentions that the anti-dumping duty which is being revoked, whether that is temporary or permanent measure,’ he says.
“The position of our States is extremely doubtful, and the timing of GST compensation has been extremely poor. It is completely at the hands of the Central government,” Mr. Gogoi says of the GST requesting extension of tenure of GST compensation.
12.30 p.m.
Discussion under way on the Finance Bill, 2022
Finance Minister Nirmala Sitharaman has moved the Finance Bill 2022 for consideration and passage in the Lok Sabha
Gaurav Gogoi (INC ) addresses the House.
“The country is recovering but the recovery is unequal,” Mr. Gogoi says, adding that the country is seeing a K-shaped recovery instead of a V-shaped recovery as promised by the government.
Prices are rising and jingoism is the only antidote this government is offering, he adds.
I congratulate you on your stupendous victory, but that doesn’t mean you burden the poor, he says citing the recent hike in fuel prices.
There are already record transactions in cryptocurrency, he says adding that the Government should have two approaches in mind. If you want to treat crypto as a sin, have a high tax on it, then be specific and have that.
12.25 p.m.
Matters of Urgent Public Importance under way
12.20 p.m.
‘Bill is in favour of Delhi citizens’
Nityanand Rai says that the Bill is in no way a violation of the provisions in the Constitution. adding that the Bill is in favour of citizens of Delhi
12.17 p.m.
‘House does not have the legislative competence to enact this bill’
Manish Tewari (INC) says that the House does not have the legislative competence to enact this bill, opposing the introduction of the Bill.
Citing articles from the Constitution of India, he says the power to constitute municipalities lies with the State government.
“If any House has the legislative competence in order to unify these municipalities, it is the Delhi Assembly, it is not this House. It is a trangression on the constitutional provisions,” Mr. Tewari says.
12.10 p.m.
Members rise to oppose the Delhi Municipal Corporation (Amendment) Bil
N.K. Premachandran (RSP), and Gaurav Gogoi (INC) rises to oppose the introduction of the bill.
“This is disrupting the legislative assembly,” N.K. Premachandran (RSP) says addressing the House, regarding the Delhi Municipal Corporation (Amendment) Bill, 2022. He says the provisions are complex and not specific.
12.07 p.m.
Delhi Municipal Corporation (Amendment) Bill, 2022
Nityanand Rai (BJP) on behalf of Amit Shah rises to introduce the Delhi Municipal Corporation (Amendment) Bill, 2022.
12.05 p.m.
Papers being laid on the Table
12.03 p.m.
On gap between doses of Covishield
Gaurav Gogoi (INC) asks a question on reducing the gap between doses of Covishield vaccine.
“These decisions are made by scientific committee, not by us, and we have gone by their suggestion,” Dr. Mansukh Mandaviya, Minister of Health and Family Welfare responds
11.52 a.m.
On imports in the Defence sector
Supriya Sule (NCP) asks a question about depending on foreign partners, and not on Indian producers.
“In our capital budget, we have decided that 68% of it will be spent on domestic production. There are approximately 309 items that won’t be imported, after a certain time period, and will be manufactured locally,” Rajnath Singh says in response.
11.45 a.m.
On Defence expenditure
T.R. Baalu (DMK) raises the issue of Defence expenditure. He says that expenditure needs to be enhanced in the area of modernisation, asking when the government is going to increase the spending to 3% of GDP.
Ajay Bhatt (MoS) responds, citing the current expenditure amount of the Defence sector, that there is no shortfall in the spending.
Rajnath Singh, Union Minister of Defence, says citing a report by Kargil Review Committee in 2000 that there is no need to allocate a fixed percentage of the GDP to defence expenditure, and that every Rupee spent should generate maximum value.
11.33 a.m.
On One Nation-One Voter id
“The government is considering steps towards this. To stop fraud voting, and to have a singular electoral roll which will be followed by all States. There is a possibility that such electoral reforms will help in deterring bogus voting,” Kiren Rijiju, Minister of Law and Justice says in response to a question on One Nation-One Voter id.
K. Muraleedharan (INC) asks on whether the government should consider Pravasi Voting rights. “Before making any declaration we have to ensure the safety, transparency and protection from any malpractices or misuse,” Mr. Rijiju answers
11.14 a.m.
On Indian fishermen in captivity in Sri Lanka
“Harrasment, chasing, killing, putting them in jail…it doesn’t occur once in a while. Every month, 2-3 times, the Sri Lankan Navy is repeatedly harrasing, doing lot of atrocities against our Tamil fishermen. Even 2 days before 16 fishermen have been arrested,” Su. Thirunavukkarasar (INC) says asking what steps are being taken by the Central government to stop this.
“Indians abroad, whether they are fishermen, students, labourers, their security and safety has been of utmost importance,” V. Muraleedharan (MoS) says in response citing that recently government brought back students from Ukraine. He says barring the 16 who were arrested recently, the government has brought back every fisherman, and that the government continues to engage with Sri Lankan authorities.
11.04 a.m.
Question Hour under way
Question Hour is under way in the Lok Sabha
11.00 a.m.
Lok Sabha proceedings commence
Proceedings in the Lower House commence for the day.
10.30 a.m.
List of Business
1. Amit Shah to introduce The Delhi Municipal Corporation (Amendment) Bill, 2022.
2. Finance Minister Nirmala Sitharaman to move the The Finance Bill, 2022 for consideration.
3. Private Members’ Business
4. Papers and Reports to be laid on the Table
5. Question Hour
10.00 a.m.
Day 8 recap
The Lower House on March 24, 2022 held a discussion on Demands for Grants under the control of the Ministry of Commerce and Industry for 2022-23.
The Appropraition Bill, 2022, introduced by Union Finance Minister Nirmala Sitharaman was also passed in the Lok Sabha.
Protest by the opposition members against hike in fuel prices disrupted the proceedings of the House resulting in a short adjournment.
Finance Minister Nirmala Sitharaman to move the The Finance Bill, 2022 for consideration. Finance Minister Nirmala Sitharaman to move the The Finance Bill, 2022 for consideration. Lok Sabha, on the eighth day of the second part of the Budget session, saw Opposition members protesting against the fuel price hike, leading to a short adjournment. The Appropriation Bill, 2022, which will allow the Centre to authorise payment and appropriation of certain sums from and out of the Consolidated Fund of the Union Territory of Jammy and Kashmir for the services of the Financial Year 2021-22 and 2022-23 respectively, was passed by the House. Members also held a discussion on Demands for Grants under the control of the Ministry of Commerce and Industry for 2022-23.Today, Union Minister for Home Affairs Amit Shah is set to introduce a Bill further to amend the Delhi Municipal Corporation Act, 1957. Union Finance Minister Nirmala Sitharaman will move the The Finance Bill, 2022 for consideration.Here are the latest updates:2.04 p.m. ‘You have to take a strong action about crypto’ Supriya Sule (NCP) speaks on the Finance Bill, 2022. “We are talking about big issues of Russia and Ukraine, and those discussions should happen, but we also need to talk about the price of Petrol and Diesel,” she says. I request this government to take this issue of inflation very seriously, she says.“Everyone’s view is that crypto is not good for this country…then why are you not banning it? Why are you taxing it 30%? You say that the crypto industry is shaken by the government, no one is scared of 30%, everything is going on in the dark net. You have to take a strong action about crypto, if you say you are a strong government, either you completely ban it or bring complete clarity on it,” she says about the cryptocurrency issue. On the matter of taxation, specifically the goods and services tax, Ms. Sule says the idea to introduce GST was good but this government is sending confusing signals on it. She also said that people in her state are being imprisoned for minor errors in GST compliance, adding that “if the government is capable of making errors in the Finance Bill, it should spare the common man.” 1.45 p.m. ‘Insert a provision that Amaravati is and will remain the only capital of Andhra Pradesh’ “India cannot insulate itself from these developments,” Jayadev Galla (TDP) says addressing the House citing the current Russian invasion of Ukraine. Speaking on the city of Amaravati, he urges the government to support the development of Amaravati as a world-class city, and to insert a provision that Amaravati is and will remain the only capital of Andhra Pradesh. He speaks on the issue of resource gap between Andhra Pradesh and the country. “Reverberations of war, geopolitical scenario around Russia-Ukraine conflict…I feel it further will tilt the balance of risks downwards…I would just like to know whether any fresh assessment has been made by the ministry,” he says. Continuing on the implications of the Russia Ukraine crisis, he speaks on the issue of Wheat exports, and the rise of price of wheat in international market. He concludes by asking questions on the Russian offer of discounted oil .1.30 p.m. ‘How do you expect the people to spend when they have no income’ “The Finance Minister has conveniently ignored the aspirations and problems faced by the taxpayer,” K. Sundaram (DMK) says rising to oppose the Bill. “How do you expect the people to spend when they have no income,” he adds. He calls upon the government to exempt cotton, cotton fibre, and textile material from custom duty for next five years to boost the industry.He says that this bill has ignored taxpayers and common man.1.02 p.m. ‘No economy in the world has escaped from the problems that came from the pandemic’ Nishikant Dubey (BJP) rises to address the House. He says no economy in the world has escaped from the problems that came from the pandemic, and congratulates the Finance Minister on the Bill.“I am anticipating that Congress and their allies will speak on the rising fuel prices and inflation. They will ask us what we have done in the last 7 years. But what can we do, what you have left with us, we will have to speak about that,” says Mr. Dubey. The country that was forced to import foodgrains is not exporting foodgrains, he says adding that similarly we want to reduce our dependence on Petrol and Diesel products, and move towards alternatives.The notion that we are increasing the prices of Petrol and Diesel, should be done away with, Mr. Dubey says citing the VAT percentages levied on fuel by different States.Addressing the topic of cryptocurrency, he says that during the time of UPA in 2013-14, the government did not pay heed to crypto. He says that today bribes and drug deals are taking place in crypto. Who is the owner of this crypto, no one knows, he says. Citing newspaper reports he says that it is being written that the government has shaken the crypto industry, and that the government is moving towards its own digital currency. Responding to the GST issues raised earlier in the day, he says, “We were not the ones who wanted to bring GST. You introduced the GST bill in 2010-11, and the Committe made by you took away all powers from the State.”He adds that GST provisions in the current budget aim at closing the GST loopholes. 12.50 p.m. ‘Extend tenure of GST compensation’ Gaurav Gogoi continues to address the House on the Finance Bill, 2022.He raises the issue of high-earners leaving the country, and further asks the government’s plan in the wake of the Ukraine crisis.“I do hope that the Minister in her reply, mentions that the anti-dumping duty which is being revoked, whether that is temporary or permanent measure,’ he says. “The position of our States is extremely doubtful, and the timing of GST compensation has been extremely poor. It is completely at the hands of the Central government,” Mr. Gogoi says of the GST requesting extension of tenure of GST compensation.12.30 p.m. Discussion under way on the Finance Bill, 2022 Finance Minister Nirmala Sitharaman has moved the Finance Bill 2022 for consideration and passage in the Lok SabhaGaurav Gogoi (INC ) addresses the House.“The country is recovering but the recovery is unequal,” Mr. Gogoi says, adding that the country is seeing a K-shaped recovery instead of a V-shaped recovery as promised by the government. Prices are rising and jingoism is the only antidote this government is offering, he adds. I congratulate you on your stupendous victory, but that doesn’t mean you burden the poor, he says citing the recent hike in fuel prices. There are already record transactions in cryptocurrency, he says adding that the Government should have two approaches in mind. If you want to treat crypto as a sin, have a high tax on it, then be specific and have that. 12.25 p.m. Matters of Urgent Public Importance under way 12.20 p.m. ‘Bill is in favour of Delhi citizens’ Nityanand Rai says that the Bill is in no way a violation of the provisions in the Constitution. adding that the Bill is in favour of citizens of Delhi12.17 p.m. ‘House does not have the legislative competence to enact this bill’ Manish Tewari (INC) says that the House does not have the legislative competence to enact this bill, opposing the introduction of the Bill. Citing articles from the Constitution of India, he says the power to constitute municipalities lies with the State government. “If any House has the legislative competence in order to unify these municipalities, it is the Delhi Assembly, it is not this House. It is a trangression on the constitutional provisions,” Mr. Tewari says. 12.10 p.m. Members rise to oppose the Delhi Municipal Corporation (Amendment) Bil N.K. Premachandran (RSP), and Gaurav Gogoi (INC) rises to oppose the introduction of the bill.“This is disrupting the legislative assembly,” N.K. Premachandran (RSP) says addressing the House, regarding the Delhi Municipal Corporation (Amendment) Bill, 2022. He says the provisions are complex and not specific.12.07 p.m. Delhi Municipal Corporation (Amendment) Bill, 2022 Nityanand Rai (BJP) on behalf of Amit Shah rises to introduce the Delhi Municipal Corporation (Amendment) Bill, 2022.12.05 p.m. Papers being laid on the Table 12.03 p.m. On gap between doses of Covishield Gaurav Gogoi (INC) asks a question on reducing the gap between doses of Covishield vaccine. “These decisions are made by scientific committee, not by us, and we have gone by their suggestion,” Dr. Mansukh Mandaviya, Minister of Health and Family Welfare responds11.52 a.m. On imports in the Defence sector Supriya Sule (NCP) asks a question about depending on foreign partners, and not on Indian producers. “In our capital budget, we have decided that 68% of it will be spent on domestic production. There are approximately 309 items that won’t be imported, after a certain time period, and will be manufactured locally,” Rajnath Singh says in response. 11.45 a.m. On Defence expenditure T.R. Baalu (DMK) raises the issue of Defence expenditure. He says that expenditure needs to be enhanced in the area of modernisation, asking when the government is going to increase the spending to 3% of GDP. Ajay Bhatt (MoS) responds, citing the current expenditure amount of the Defence sector, that there is no shortfall in the spending. Rajnath Singh, Union Minister of Defence, says citing a report by Kargil Review Committee in 2000 that there is no need to allocate a fixed percentage of the GDP to defence expenditure, and that every Rupee spent should generate maximum value. 11.33 a.m. On One Nation-One Voter id “The government is considering steps towards this. To stop fraud voting, and to have a singular electoral roll which will be followed by all States. There is a possibility that such electoral reforms will help in deterring bogus voting,” Kiren Rijiju, Minister of Law and Justice says in response to a question on One Nation-One Voter id.K. Muraleedharan (INC) asks on whether the government should consider Pravasi Voting rights. “Before making any declaration we have to ensure the safety, transparency and protection from any malpractices or misuse,” Mr. Rijiju answers11.14 a.m. On Indian fishermen in captivity in Sri Lanka “Harrasment, chasing, killing, putting them in jail…it doesn’t occur once in a while. Every month, 2-3 times, the Sri Lankan Navy is repeatedly harrasing, doing lot of atrocities against our Tamil fishermen. Even 2 days before 16 fishermen have been arrested,” Su. Thirunavukkarasar (INC) says asking what steps are being taken by the Central government to stop this. “Indians abroad, whether they are fishermen, students, labourers, their security and safety has been of utmost importance,” V. Muraleedharan (MoS) says in response citing that recently government brought back students from Ukraine. He says barring the 16 who were arrested recently, the government has brought back every fisherman, and that the government continues to engage with Sri Lankan authorities. 11.04 a.m. Question Hour under way Question Hour is under way in the Lok Sabha11.00 a.m. Lok Sabha proceedings commence Proceedings in the Lower House commence for the day.10.30 a.m. List of Business 1. Amit Shah to introduce The Delhi Municipal Corporation (Amendment) Bill, 2022.2. Finance Minister Nirmala Sitharaman to move the The Finance Bill, 2022 for consideration.3. Private Members’ Business4. Papers and Reports to be laid on the Table5. Question Hour10.00 a.m. Day 8 recap The Lower House on March 24, 2022 held a discussion on Demands for Grants under the control of the Ministry of Commerce and Industry for 2022-23.The Appropraition Bill, 2022, introduced by Union Finance Minister Nirmala Sitharaman was also passed in the Lok Sabha. Protest by the opposition members against hike in fuel prices disrupted the proceedings of the House resulting in a short adjournment.