Finance Minister Nirmala Sitharaman to Present Finance Bill 2024 in Parliament
Union Finance Minister Nirmala Sitharaman will move the Finance (No.2) Bill, 2024, for consideration in Parliament on Tuesday. This bill aims to give effect to the financial proposals of the central government for the financial year 2024-25.
Key Discussions and Statements
Union Minister Rajiv Ranjan Singh (Lalan Singh) will make a statement in Lok Sabha about the Fisheries Sector’s employment generation and revenue earning potential. This discussion will focus on the 70th report of the standing committee on Agriculture, Animal Husbandry, and Food Processing.
SP Singh Baghel will address both Houses of Parliament regarding the Ministry of Panchayati Raj’s grant demands for 2023-2024, based on the 31st report of the standing committee on Rural Development and Panchayati Raj.
Union Minister Nimuben Jayantibhai Bambhaniya will discuss the implementation of recommendations from the 20th report on Quality Control Cells (QCCs) related to Consumer Affairs, Food, and Public Distribution.
Other Parliamentary Activities
Several Union Ministers, including Virendra Kumar, Jitin Prasada, Ramdas Athawale, and others, will lay papers on the table in Lok Sabha. In Rajya Sabha, Union Ministers Prataprao Jadhav, Pankaj Chaudhary, Anupriya Patel, and others will do the same for their respective ministries.
Further discussions on the Ministry of New and Renewable Energy, initiated by TMC MP Derek O’Brien, will continue in Rajya Sabha. Additionally, DMK MP Tiruchi Siva is expected to discuss the Ministry of Cooperation’s workings.
Doubts Revealed
Finance Minister -: The Finance Minister is a person in the government who is responsible for managing the country’s money and finances. In India, this person is Nirmala Sitharaman.
Finance Bill -: A Finance Bill is a proposal made by the government about how it plans to collect and spend money in the coming year. It includes details about taxes and government spending.
Parliament -: Parliament is a place where elected representatives meet to discuss and make laws for the country. In India, it has two parts: the Lok Sabha and the Rajya Sabha.
Union Minister -: A Union Minister is a member of the central government in India who is in charge of a specific department or ministry, like finance, health, or education.
Rajiv Ranjan Singh -: Rajiv Ranjan Singh is a Union Minister in the Indian government. He is responsible for discussing issues related to the Fisheries Sector.
Fisheries Sector -: The Fisheries Sector involves activities related to catching, processing, and selling fish. It is important for providing jobs and food.
SP Singh Baghel -: SP Singh Baghel is another Union Minister in the Indian government. He will talk about the needs and plans for rural development and local government (Panchayati Raj).
Rural Development -: Rural Development refers to improving the quality of life and economic well-being of people living in rural areas, which are places outside cities and towns.
Panchayati Raj -: Panchayati Raj is a system of local government in Indian villages. It allows people in rural areas to make decisions about their own development.
Rajya Sabha -: Rajya Sabha is one of the two houses of the Indian Parliament. It is also called the Council of States and represents the states of India.
New and Renewable Energy -: New and Renewable Energy refers to energy sources that are not harmful to the environment and can be replenished, like solar and wind energy.
Cooperation Ministry -: The Cooperation Ministry is a part of the government that focuses on promoting cooperative societies, which are groups of people who work together for a common goal, like farming or banking.