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Recently the Lok Sabha has passed the Finance Bill by voice vote without discussion. As per the Lok Sabha’s Rules of Procedure, A Finance Bill is a bill introduced every year to give effect to the financial proposals of the Government for the following financial year. It also includes a bill to give effect to ..
The Rajya Sabha passed ‘The Mineral Laws (Amendment) Bill, 2020’, which proposes amendments to the Mines and Mineral (Development and Regulation) Act 1957 and The Coal Mines (Special Provisions) Act, 2015. The Lok Sabha had passed this Bill last week and it will come into force after the President’s assent. It seeks to allow companies ..
The Insolvency and Bankruptcy Code is a unified bankruptcy law of India which consolidated the existing framework into a single law for insolvency and bankruptcy. It came into effect in 2016. Recently, the Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, which seeks to protect the successful bidders of insolvent companies from risks ..
The Speaker of the Lok Sabha recently suspended 7 members of the Parliament for the remainder of the Budget Session. Suspension of an MP in Lok Sabha The power to suspend an MP is vested with the Speaker of the Lok Sabha. This is a part of the Speaker’s role in maintaining the order of ..
The Direct Tax Vivaad Se Vishwas Bill 2020 has been recently passed by the Lok Sabha. The bill was introduced in Lok Sabha by the Finance Minister Nirmala Sitharaman, on February 5, 2020. The Bill provides a mechanism for resolution of pending tax disputes in direct tax including income tax and corporation tax. It seeks ..
The Banking Regulation (Amendment) Bill, 2020 was introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman. This proposed bill is expected to provide more powers to the RBI for regulating cooperative banks. The bill seeks to strengthen cooperative banks by improving professionalism, access to capital and banking practices through the RBI. The administrative issues ..
Delimitation literally means the process of fixing limits of territorial constituencies in a country with a legislative body. The government recently cancelled its earlier notifications which postponed delimitation in Assam, Nagaland, Manipur and Arunachal Pradesh due to security issues. The exercise to re-adjust the division of each state into territorial constituencies for the purpose of ..
The state assembly of Andhra Pradesh on Monday, 27th January 2020 passed a resolution to abolish the state’s legislative council. The decision was supported 151 members out of the total 175 members assembly, which includes 133 legislators of the ruling YSR Congress Party. This decision is taken at the backdrop of the constant opposition faced ..