Amid acrimony between the ruling dispensation and the opposition parties, the Budget session of Parliament commencing on Monday will take up five Bills for consideration and passing, but not any major economic legislation.The Budget session between July 22 and August 12 will have a total of 16 sittings. Finance minister Nirmala Sitharaman will table the Economic Survey in Parliament on Monday.
The Union Budget for 2024-25 will be presented on July 23. Five Bills have been listed for introduction, consideration and passing during the session, excluding the Finance Bill, 2024.The Disaster Management (Amendment) Bill, 2024 seeks to bring clarity and convergence in the roles of different organisations working on disaster management, according to PRS Legislative.
The Bhartiya Vayuyan Vidheyak, 2024 will replace the Aircraft Act, 1934, to address ambiguities and redundancies, to provide enabling provisions for manufacturing and ease of doing business, to give effect to provisions of international conventions, and to implement international standards.
The Coffee (Promotion and Development) Bill, 2024 seeks to promote and develop the Indian coffee industry, and to modernise the functioning of the Coffee Board.The Rubber (Promotion and Development) Bill, 2024 seeks to promote and develop the Indian rubber industry, and to modernise the functioning of the Rubber Board. The Boilers Bill, 2024 proposes to repeal and re-enact the pre-Independence era Acts related to boilers.
However, the BJP-led National Democratic Alliance (NDA) government has not so far listed any major pending legislative reforms for the Budget session. These include the liberalisation of the insurance sector, the creation of a national financial information registry, and streamlining of provisions of the Companies Act.
The Narendra Modi government 3.0 becoming a truely coalition government unlike the previous diespensation when the ruling BJP had the majority on its own, some rating agencies have expressed concerns that key economic reforms may take longer than anticipated. The first session of the 18th Lok Sabha, which concluded earlier this month, saw acrimonious debates between the treasury and the opposition benches on various issues.