Finance Minister Nirmala Sitharaman will present the Finance Bill, 2025 in the Lok Sabha today. This is one of the most important bills in the Budget process. It includes the government’s financial plans for the year 2025–26, such as changes in taxes and how money will be spent. Once passed by Parliament, the Finance Bill becomes law and allows the government to carry out its financial proposals.
The Finance Bill is based on the Interim Budget that was presented on February 1, 2025. Since a general election is expected later this year, the government has presented only a temporary or “interim” budget. The Finance Bill still needs to be passed before March 31, which is the end of the current financial year, to make sure the government can continue its spending and tax collections from April 1 onward.
Along with the Finance Bill, several other important matters will be taken up in the Lok Sabha today:
Pankaj Chaudhary, Minister of State for Finance, will give a statement on how the government has acted on the suggestions made by the Standing Committee on Finance in its 1st Report on Demands for Grants (2024–25) related to the Ministry of Finance.
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Suresh Gopi, Minister of State for Tourism, will speak about the steps taken on the recommendations of the Standing Committee on Transport, Tourism and Culture. This relates to an earlier report reviewing the tourism ministry’s budget and performance for 2023–24.
Harsh Malhotra, Minister of State for Corporate Affairs, will give a detailed update on how the ministry has followed up on multiple reports from the Standing Committee on Finance. These reports cover different years and look at how the ministry handled budget recommendations and improved its functioning.
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Dr. Faggan Singh Kulaste and Vishnu Dayal Ram will present the Third Report of the Committee on the Welfare of Scheduled Castes and Scheduled Tribes. This report looks at how well the government of the National Capital Territory of Delhi has implemented reservation policies and worked for the social and economic development of SC/ST communities.
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Parshottambhai Rupala and Dr. Mallu Ravi will table three reports from the Standing Committee on Industry. These include one on how the government is promoting electric vehicles, and two reports on the budget demands of the Ministry of Heavy Industries and the Ministry of Micro, Small and Medium Enterprises (MSMEs) for the year 2025–26.
Even though today’s focus is mainly on financial matters, it’s important to note that the Banking Laws (Amendment) Bill, 2024 is not listed for discussion or passage in today’s session.
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