Advertisement
  1. News
  2. Explainers
  3. Budget
  4. Budget Session 2025: How key economic bills will shape India's fiscal landscape? Full details

  Live Budget Session 2025: How key economic bills will shape India's fiscal landscape? Full details

Budget Session 2025: The budget speech will outline the government's fiscal policies, revenue and expenditure proposals, taxation reforms, and other significant announcements.

Union Budget Session 2025.
Union Budget Session 2025. Image Source : PIXABAY
Edited By: Sheenu Sharma @20sheenu
New DelhiPublished: , Updated:

Budget Session 2025: Following the presentation of the Economic Survey on January 31 (Friday) and the Union Budget on February 1 (Saturday) in Parliament, the Budget Session 2025 is poised to address a range of relevant legislative matters. This year's session will not only include the introduction and passage of key bills but also crucial financial discussions that will shape the fiscal landscape of India. 

A series of important bills are likely to be taken up during the session. These include-

  1. The Banking Laws (Amendment) Bill, 2024, aimed at strengthening banking regulations and oversight.
  2. The Railways (Amendment) Bill, 2024, which focuses on enhancing the operational efficiency of the Indian Railways.
  3. Another notable proposal is the Disaster Management (Amendment) Bill, 2024, which seeks to improve disaster response mechanisms across the country. 
  4. The Oilfields (Regulation and Development) Amendment Bill, 2024 will propose updates to the laws surrounding oil exploration and extraction
  5. The Boilers Bill, 2024 is set to introduce new safety and operational standards for boilers in industrial applications.

Among other bills likely to be introduced is the Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024, which will address the reallocation of assembly constituencies to better represent scheduled tribes in the state. 

Waqf Amendment Bill

The Waqf (Amendment) Bill, 2024 and the Mussalman Wakf (Repeal) Bill, 2024 are also expected to bring reforms to the management of religious endowments.

Maritime laws will see several updates which are all set to modernise shipping regulations. This includes- 

  • The Bills of Lading Bill, 2024
  • Carriage of Goods by Sea Bill, 2024
  • Coastal Shipping Bill, 2024
  • The Merchant Shipping Bill, 2024 

Above all, the Finance Bill, 2025 will be central to implementing the budgetary proposals and tax reforms which will be announced by the finance minister on February 1. Other key bills include the Protection of Interests in Aircraft Objects Bill, 2025, which will safeguard financial interests related to aviation, and the Immigration and Foreigners Bill, 2025, which will bring changes to immigration and foreigner regulations in India.

Discussion on Demands for Grants for 2025-26

In terms of financial business, the session will see the discussion and voting on Demands for Grants for 2025-26, followed by the introduction, consideration, and passage of the related Appropriation Bill. The Discussion and Voting on Demands for Grants for 2025-26 is an essential aspect of parliamentary procedures, allowing for the approval of government spending for the upcoming fiscal year while promoting accountability and transparency.

Demands for Grants are essentially requests made by the government to Parliament, specifying the amount of money it needs to meet its expenses for a given year. These expenses cover a wide range of areas, such as infrastructure, healthcare, defence, education, welfare programs, and more. Each ministry or department submits its Demands for Grants, detailing the specific amounts needed to fund its activities and programs.

Supplementary Demands for Grants for 2024-25 to be reviewed

Additionally, the second and final batch of Supplementary Demands for Grants for 2024-25 will be reviewed, along with the introduction and passage of the relevant Appropriation Bill. The second and final batch of Supplementary Demands for Grants for 2024-25 refers to additional funds that the government seeks to allocate after the presentation of the annual budget for the fiscal year. These supplementary demands arise when there are changes in the government's spending needs, which were not anticipated during the initial budget preparation. 

The session will also address the Demands for Excess Grants for 2021-22, which will require discussion, voting, and the introduction of a related Appropriation Bill. Demands for Excess Grants for 2021-22 refer to additional funds that the government seeks to appropriate for the financial year 2021-22 when the expenditure incurred by various ministries or departments exceeds the amount originally approved by Parliament in the budget for that fiscal year. 

Live updates :Breaking News, December 22 | LIVE updates

Auto Refresh
Refresh
  • 2:31 PM (IST)
    Posted by Abhirupa Kundu

    Puvanchali debate: Kejriwal trying to create misunderstanding, alleges BJP

    The BJP on Sunday accused AAP convener Arvind Kejriwal of trying to create a misunderstanding by linking Purvanchali people with Rohingyas and Bangladeshis, and called on the natives of Bihar and Uttar Pradesh living in Delhi to give a befitting reply to his party in the upcoming assembly elections. This comes a day after Kejriwal claimed BJP president J P Nadda called Purvanchalis Rohingyas and Bangladeshis and "admitted" that their names were being deleted from the electoral rolls in Delhi ahead of the assembly polls due in February.

  • 2:31 PM (IST)
    Posted by Abhirupa Kundu

    SP leader held for using abusive language against PM, Shah

    A local SP leader was arrested on Sunday and an FIR was lodged against 22 people for allegedly using abusive language against Prime Minister Narendra Modi and Union Home Minister Amit Shah, police said. The FIR was lodged on Saturday night against SP leader Fateh Bahadur Yadav, Seema Bharti, Pushpa Devi, Sanju Devi, Reena Devi, Manisha Devi, Mansha Devi, Urmila, Manati, Nisha, Chandravati and Radhika Devi as well as 10 unknown persons.

  • 2:30 PM (IST)
    Posted by Abhirupa Kundu

    Bihar's Rs 1.80 lakh-crore investment push: Nodal officers to streamline MoU execution

    Buoyed by the success of the recent global investors' summit 'Bihar Business Connect-2024, which saw investment proposals worth a staggering Rs 1.80 lakh crore, the state government on Sunday said it will now ensure "conversion of memorandums of understanding (MoUs) into investment on the ground within a year.

  • 1:31 PM (IST)
    Posted by Abhirupa Kundu

    Pawar calls Fadnavis to discuss Parbhani violence, Beed sarpanch's murder

    NCP (SP) president Sharad Pawar on Sunday had a telephonic conversation with Maharashtra Chief Minister Devendra Fadnavis about the murder of a sarpanch in Beed and the death of a man following violence in Parbhani. Pawar on Saturday visited the families of Santosh Deshmukh, the slain sarpanch, and Somnath Suryawanshi, who allegedly died in judicial custody after his arrest in connection with the violence in Parbhani.

  • 1:31 PM (IST)
    Posted by Abhirupa Kundu

    NCB busts international drug racket; 3 Nigerians among 4 held

    The Narcotics Control Bureau Ahmedabad has busted an international drug syndicate with the seizure of two kg ketamine and arrested four persons, including three Nigerian nationals, the NCB said on Sunday. The accused conspired to traffic ketamine from India to foreign countries through courier parcels, the NCB said in a release, detailing the significant crackdown of the organised drug crime operating from the Indian soil.

  • 1:30 PM (IST)
    Posted by Abhirupa Kundu

    SC asks HC, Maharashtra govt to evolve mechanism to ensure production of accused before trial courts

    The Supreme Court has asked the Bombay High Court and the Maharashtra government to evolve a mechanism to ensure that accused are produced before trial judges either physically or virtually on every date so that the trial is not prolonged. The apex court, while dealing with an appeal challenging the Bombay High Court order denying bail to an accused, said a "sorry state of affairs" was being depicted as the trial proceedings in the case was being prolonged due to non-production of appellant before the trial judge either physically or virtually.

  • 12:31 PM (IST)
    Posted by Abhirupa Kundu

    Simultaneous poll bills unlikely to be passed in Parliament: Congress leader Digvijaya

    Congress Rajya Sabha member Digvijaya Singh has said he is doubtful that the 'one nation, one election' bills will be passed in Parliament. Talking to reporters in Madhya Pradesh's Agar Malwa district on Saturday night, Singh also denied the allegations against Leader of Opposition in the Lok Sabha Rahul Gandhi of "pushing and shoving" BJP MPs on Parliament premises on Thursday.

  • 12:04 PM (IST)
    Posted by Abhirupa Kundu

    CM Adityanath says law and order in UP has improved, SP claims 'jungle raj' everywhere

    Chief Minister Yogi Adityanath on Sunday said the law and order situation in Uttar Pradesh has improved and as a result, the state government has received investment proposals worth Rs 40 lakh crore. The opposition Samajwadi Party, however, countered Adityanath and claimed there is an atmosphere of 'jungle raj' in the state with loot, hooliganism and anarchy everywhere.

  • 12:03 PM (IST)
    Posted by Abhirupa Kundu

    Elderly man, his two granddaughters killed in fire at their home in MP

    A 65-year-old man and his two minor granddaughters were charred to death after their hut caught fire in Madhya Pradesh's Shivpuri district, police said on Sunday. The incident took place at 11.30 pm on Saturday in Laxmipura village under Bairad police station limits, an official said.

  • 12:02 PM (IST)
    Posted by Abhirupa Kundu

    Zakir Hussain's family shares first Instagram post after his death: Always together in love

    Days after Zakir Hussain was laid to rest at a San Francisco cemetery, the family of the tabla maestro shared a moving post on his official Instagram account on Sunday. It marks the first post on the social media page of Hussain since his death at a San Francisco hospital early last week due to complications arising from idiopathic pulmonary fibrosis, a lung disease. He was 73.

  • 12:01 PM (IST)
    Posted by Abhirupa Kundu

    West Bengal, Bihar most impacted by arsenic contamination: Centre tells NGT

    West Bengal and Bihar are impacted the most by arsenic contamination of groundwater, the Centre has informed the National Green Tribunal (NGT). The tribunal is hearing the issue of rice being susceptible to arsenic contamination because it absorbs more of the toxic semi-metallic element from water and soil. Earlier, it sought a reply from the Centre on it.

  • 10:11 AM (IST)
    Posted by Abhirupa Kundu

    MCD commissioner visits Town Hall, says civic body will make efforts to preserve it

    MCD Commissioner Ashwani Kumar visited the nearly 160-year-old Town Hall in old Delhi and said the corporation will make 'every possible effort' to preserve its heritage. The iconic Town Hall, built in the 1860s as the Delhi Institute, was the former seat of the city's civic body, which evolved from the Delhi Municipality in the 19th century to the Municipal Corporation of Delhi (MCD) that came into being in 1958.

     

  • 10:07 AM (IST)
    Posted by Abhirupa Kundu

    Tejashwi meets protesters, backs demand for BPSC exams cancellation

    RJD leader Tejashwi Yadav has thrown his weight behind the demand for cancellation of competitive exams conducted recently, under controversial circumstances, by the Bihar Public Service Commission. The former Deputy Chief Minister, who had been away touring the far-off Seemanchal region of the state to galvanize the party for assembly polls due in less than a year, turned up in the capital city late Saturday night.

  • 10:06 AM (IST)
    Posted by Abhirupa Kundu

    TB elimination campaign: 15,831 persons screened in Goa, says health minister

    Goa Health Minister Vishwajit Rane has said the state is fully prepared to fight tuberculosis and has screened more than 15,800 persons as part of the nationwide campaign against the elimination of TB. The 100-day 'TB Mukt Bharat' campaign was launched on December 7 and will culminate on March 17, 2025.

  • 9:21 AM (IST)
    Posted by Abhirupa Kundu

    J-K weather update: Dal Lake freezes as cold wave grips Kashmir

    The surface of the Dal Lake froze on Sunday morning as intense cold waves gripped Kashmir. The India Meteorological Department (IMD) forecast the maximum temperature for the day to settle at 6 degrees Celsius, while the minimum is expected to be at minus 7 degrees Celsius. 

     

  • 8:58 AM (IST)
    Posted by Abhirupa Kundu

    Civic polls: AAP wins in Patiala, leads in Jalandhar, Ludhiana; Cong ahead in Amritsar, Phagwara

    Punjab's ruling Aam Aadmi Party won the municipal elections in Patiala and was leading in Ludhiana and Jalandhar, while the Congress was ahead in Phagwara and Amritsar. Elections to five municipal corporations, Ludhiana, Jalandhar, Patiala, Amritsar and Phagwara, and 44 municipal councils and nagar panchayats in Punjab took place on Saturday.

  • 8:55 AM (IST)
    Posted by Abhirupa Kundu

    International Pheran Day: Indian army distributes traditional Pherans to underprivileged families

    On the occasion of International Pheran Day, the Indian army distributed traditional Pherans to underprivileged families in far-flung villages of the Kashmir Valley. In a heartwarming initiative to provide relief to the impoverished and needy populace during the coldest period of winters, the iconic Pherans, a symbol of Kashmiri identity and resilience, brought much-needed warmth and comfort as Chillai Kalan set in, with sub-zero temperatures recorded in the valley.

  • 8:54 AM (IST)
    Posted by Abhirupa Kundu

    Mohali building collapse: Himachal woman dead in multi-storey building collapse, rescue operations underway

    A 20-year-old woman, hailing from Himachal Pradesh, died after she was pulled out of the debris of a four-storey building that collapsed in the Sohana village of Punjab's Mohali district on Saturday, officials said. Rescue operations by the personnel of the Indian Army and NDRF are underway.

  • 8:48 AM (IST)
    Posted by Abhirupa Kundu

    Uttar Pradesh CM Yogi Adityanath holds Janta Darshan in Gorakhnath Temple

    Uttar Pradesh Chief Minister Yogi Adityanath on Sunday held Janta Darshan at Gorakhnath temple, where he listened to the grievances of the people and also gave instructions to the officials to resolve their issues. 

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Explainers
Advertisement
Advertisement
Advertisement
Advertisement
 
\