Parliament Budget Session 2025 Live Updates: Nirmala Sitharaman to introduce new Income Tax Bill today

Parliament Budget Session 2025 Live Updates: The second sitting of the Budget session will commence on March 10.

Lok Sabha and Rajya Sabha are meeting on Thursday, after a day’s break on February 12 on the occasion of Guru Ravidas Jayanti.

Parliament Budget Session 2025 Live: Congress adjournment notice in Lok Sabha

Congress MP Manickam Tagore gave notice to move a motion for the adjournment of the Business of the House in the Lok Sabha to discuss the relaxation of “National Security Protocols” for the Khavda Renewable Energy Project in Gujarat along the India-Pakistan border.

The Congress MP demanded a discussion on the process and transparency behind awarding the project to the Adani Group, bypassing military objections.

Meanwhile, the government has listed a bill to consolidate and amend the law relating to income tax for introduction in the Lok Sabha on Thursday.

The report of the joint committee of Parliament on the Waqf (Amendment) Bill has also been listed for presentation in the Lok Sabha on Thursday.

Budget Session 2025 Live: Key points about today’s Parliament sitting

• The first sitting of Budget Session 2025, which commenced on January 31, will conclude on Thursday, and the second leg will begin on March 10.
• The new Income Tax Bill, which aims to consolidate and amend the law relating to income tax, is likely to be introduced in the Lok Sabha on Thursday.
• The much-anticipated Bill will replace terminologies like assessment and previous year with easier-to-understand ‘tax year.’
• The report of the joint committee of Parliament on the Waqf (Amendment) Bill has been listed for presentation in the Lok Sabha on Thursday.
• According to the agenda for Thursday circulated on Wednesday evening, panel chief Jagdambika Pal will table the report along with a “record of evidence”.
• Congress MP Manickam Tagore on Thursday gave notice to move a motion for the adjournment of the Business of the House in the Lok Sabha.
• On Tuesday, the Finance Minister replied to the debate on the union budget in Lok Sabha and said the government is using almost the entire borrowed resources for financing effective capital expenditure.
• The Rajya Sabha also took up debate on the union budget. The Finance Minister is expected to reply to the debate on Thursday.