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The legislative process begins with the introduction of a bill in either house of Parliament, i.e. the Lok Sabha or the Rajya Sabha. A bill can be introduced either by a minister or by a private member. In the former case it is known as a government bill and in the latter case it is known as a private member's bill.
The Fiscal Responsibility and Budget Management Bill (FRBM Bill) was introduced in India by the then Finance Minister of India, Yashwant Sinha [1] in December 2000. Firstly, the bill highlighted the terrible state of government finances in India both at the Union and the state levels under the statement of objects and reasons. [2]
On 11 August 2023, Bharatiya Nagarik Suraksha Sanhita Bill, 2023 was introduced by Amit Shah, Minister of Home Affairs, in Lok Sabha. [5] [6] [7] On 12 December 2023, the Bharatiya Nagarik Suraksha Sanhita Bill, 2023 was withdrawn. On 12 December 2023 – 2024, the Bharatiya Nagarik Suraksha (Second) Sanhita Bill, 2023 was introduced in Lok ...
The bill was the first that was considered in the new parliament building. [6] On 20 September 2023, Lok Sabha passed the bill with 454 votes in favour and two against. [7] The Rajya Sabha passed the bill unanimously with 214 votes in favour and none against, on 21 September 2023. [8]
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
The passing of the new bill is widely regarded as the BJP fulfilling a major promise it made to constituents in its 2022 election manifesto as part of a longstanding campaign that dates back to ...
The introduction of the Goods and Services Tax (GST) was a landmark reform in India's taxation system, aimed at streamlining and simplifying multiple taxes into a singular, unified system. However, like any significant overhaul, its implementation came with a set of challenges:
On 21 December 2023, the Bharatiya Sakshya (Second) bill, 2023 was passed in Rajya Sabha. On 25 December 2023, the Bharatiya Sakshya (Second) bill, 2023 received the assent of the President of India. [ 5 ] [ 6 ]