Nirmala Sitharaman Presents Finance Bill 2024-2025 in Parliament
New Delhi, India – On August 6, Union Finance Minister Nirmala Sitharaman introduced the Finance Bill for the financial year 2024-2025. The bill will be discussed and potentially passed in the Lok Sabha on Wednesday.
The agenda stated, “Further consideration of the following motion moved by Nirmala Sitharaman on the 6th August 2024 namely, that the Bill to give effect to the financial proposals of the Central Government for the financial year 2024-2025, be taken into consideration. Nirmala Sitharaman to move that the Bill be passed.”
On Tuesday, Nirmala Sitharaman moved the Finance (No.2) Bill, 2024, for consideration in Parliament to implement the financial proposals of the central government for the financial year 2024-25.
Several Union Ministers, including Jitendra Singh, Arjun Ram Meghwal, Pankaj Chaudhary, BL Verma, L Murugan, Satish Chandra Dubey, Ravneet Singh, Nimuben Jayantibhai Bambhaniaya, and George Kurian, will present papers in the Lok Sabha for their respective ministries.
Union Minister Nimuben Jayantibhai Bambhaniaya will make a statement regarding the status of implementation of the recommendations in the 20th Report of the Standing Committee on Food, Consumer Affairs, and Public Distribution on “Quality Control Cells (QCCs)” related to the Department of Food and Public Distribution.
In the Rajya Sabha, Nirmala Sitharaman will move The Jammu and Kashmir Appropriation (No.3) Bill, 2024, to authorize payment and appropriation of certain sums from the Consolidated Fund of the Union territory of Jammu and Kashmir for the financial year 2024-25. She will also move that the Bill be returned.
Union Ministers Jayant Chaudhary, Ramdas Athawale, Nityanand Rai, Ajay Tamta, Sukanta Majumdar, and Harsh Malhotra will present papers in the Rajya Sabha.
Union Minister Rajiv Ranjan Singh, also known as Lalan Singh, will make a statement regarding the status of implementation of recommendations in the 70th Report of the Department-related Parliamentary Standing Committee on Agriculture, Animal Husbandry, and Food Processing on Employment Generation and Revenue Earning Potential of the Fisheries Sector.
The budget session of Parliament began on July 22 and will conclude on August 12.
Doubts Revealed
Nirmala Sitharaman -: Nirmala Sitharaman is the Finance Minister of India. She is responsible for managing the country’s finances, including presenting the budget.
Finance Bill -: A Finance Bill is a proposal by the government on how it plans to collect and spend money for the next year. It includes details about taxes and government spending.
Parliament -: Parliament is the place where laws are made in India. It has two parts: the Lok Sabha (House of the People) and the Rajya Sabha (Council of States).
Lok Sabha -: Lok Sabha is one part of the Indian Parliament where elected representatives discuss and pass laws. It is also known as the House of the People.
Union Ministers -: Union Ministers are members of the government who are in charge of different departments, like education, health, and finance. They help run the country by making decisions in their areas.
Rajya Sabha -: Rajya Sabha is the other part of the Indian Parliament. It is also called the Council of States and represents the states of India.
Jammu and Kashmir Appropriation Bill -: This is a special bill that allows the government to use money for specific purposes in the region of Jammu and Kashmir. It is part of the budget process.
Budget session -: The budget session is a period when Parliament meets to discuss and approve the government’s budget for the next year. It usually happens once a year.
