Parliament Monsoon Session Highlights: Lok Sabha was adjourned for the day on Monday after passage of two bills without discussions amid relentless protests by Opposition members who raised slogans and showed placards on the Pegasus snooping row and farmers' issue. Stay tuned for all the updates
Opposition protests on snooping, other issues rock Rajya Sabha
Proceedings in Rajya Sabha were repeatedly disrupted on Monday before being called off for the day as opposition members protested on the alleged phone-tapping and other issues and demanded discussions on them in the House. Soon after the House paid glowing tributes to the martyrs of the Kargil war and congratulated Mirabai Chanu for winning a silver medal in Tokyo Olympics, MPs belonging to the Congress, Trinamool Congress and other opposition parties rushed into the Well raising slogans against the government
There is no official estimate of the black money stashed in Swiss Bank for the last 10 years: MoS Finance Pankaj Chaudhary in Lok Sabha
Govt tables bill in LS to amend insolvency law; bring pre-packaged process for stressed MSMEs
The government on Monday introduced a bill in the Lok Sabha to amend the insolvency law and provide for a pre-packaged resolution process for stressed MSMEs. The proposed amendments would enable the government to notify the threshold of a default not exceeding Rs 1 crore for initiation of pre-packaged resolution process. The government has already prescribed the threshold of Rs 10 lakh for this purpose.
Lok Sabha passes two bills amid din
The Lok Sabha on Monday passed the Factoring Amendment Bill and National Institute of Food Technology Bill without debate amid protest over various issues, including the Pegasus snooping controversy. Moving the Factoring Regulation (Amendment) Bill, 2020 for consideration and passage, Finance Minister Nirmala Sitharaman said the changes in the legislation are aimed at helping the MSME sector. The amendments to the factoring law are based on the recommendations of the U K Sinha Committee. She further the government has accepted the recommendations of the Standing Committee which had last year scrutinised the bill.
Rajya Sabha proceedings adjourned till tomorrow amid uproar by opposition members
Govt paid Rs 164.5 cr to Infosys for new I-T portal: Chaudhary
The government paid Rs 164.5 crore to Infosys to build the new income tax e-filing portal between January 2019 and June 2021, Parliament was informed on Monday. "The contract for Integrated e-filing & Centralized Processing Centre (CPC 2.0) Project was awarded through an open tender published on Central Public Procurement Portal (CPPP) to Infosys Ltd, the Managed Service Provider on the lowest cost basis. "Since January 2019 till June 2021, the total amount paid to Infosys is Rs 164.5 crore under this project," Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.
Govt's net tax collection rises 86% to Rs 5.57 lakh cr in Q1
The government's total tax collection in the April-June quarter grew about 86 per cent to more than Rs 5.57 lakh crore, Parliament was informed on Monday. Out of the total amount, collection of net direct tax stood at Rs 2.46 lakh crore and of indirect tax was at Rs 3.11 lakh crore. "The net direct tax collection in the 1st quarter of FY 2021-2022 is Rs 2,46,519.82 crore as against Rs 1,17,783.87 crore during the same period of previous FY 2020-21 representing a growth of 109.3 per cent," Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha. The net indirect tax collection in the first quarter of FY 2021-2022 was Rs 3,11,398 crore as against Rs 1,82,862 crore during the same period a year ago, representing a growth of 70.3 per cent.
Education Ministry in process of drafting bill for setting up Higher Education Commission: Pradhan
The Ministry of Education is in the process of drafting a bill for establishment of the Higher Education Commission of India (HECI), the Lok Sabha was informed on Monday. The information was shared by Union Education Minister Dharmendra Pradhan in the lower house.
Lok Sabha adjourned for the day after passage of two bills amid disruptions by opposition members
Lok Sabha was adjourned for the day on Monday after passage of two bills without discussions amid relentless protests by Opposition members who raised slogans and showed placards on the Pegasus snooping row and farmers' issue. As soon as the House met at 3 pm after repeated adjournments during the day, Lok Sabha took up the Factoring Regulation (Amendment) Bill, 2020, and the National Institutes of Food Technology, Entrepreneurship and Management Bill, 2021, separately.
The National Institute of Food Technology Entrepreneurship and Management Bill, 2021 passed in Lok Sabha
Rajya Sabha proceedings adjourned till 4 PM amid uproar by opposition members
Govt introduces bill to amend insolvency law in Lok Sabha
Corporate Affairs Minister Nirmala Sitharaman on Monday introduced a bill in the Lok Sabha to replace an ordinance that amended the insolvency law. The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 was introduced amid Opposition ruckus over various issues.Sitharaman is in charge of both finance and corporate affairs ministries. The ordinance to amend the Insolvency and Bankruptcy Code (IBC) was promulgated on April 4, whereby a pre-packaged resolution process for stressed micro, small and medium enterprises (MSMEs) was introduced under the Code.
Rajya Sabha adjourned till 12 noon after opposition parties create ruckus
Rajya Sabha proceedings were on Monday adjourned for almost an hour after opposition parties continued their protests over various issues including snoop gate and farm laws. MPs belonging to the Congress, Trinamool Congress (TMC) and other opposition parties rushed into the well of the House raising slogans against the government. Chairman M Venkaiah Naidu said members are being prevented from raising issues of public importance. "We are becoming helpless day by day," he said before adjourning the proceedings till 12 noon. Soon after the House paid glowing tributes to the martyrs of the Kargil war and congratulated Mirabai Chanu for winning a silver medal in Tokyo Olympics, slogan-shouting opposition members trooped into the well of the House.
In reply to another question, the Finance Minister said the RBI has announced Special three-year Long-Term Repo Operations (SLTRO) of Rs 10,000 crore at repo rate for the Small Finance Banks (SFBs), to be deployed for fresh lending of up to Rs 10 lakh per borrower to provide further support to small business units, micro and small industries, and other unorganised sector entities adversely affected during the current wave of the pandemic. The first auction under the SLTRO was conducted on May 17, 2021, she said, adding, the unutilised portion of notified Rs 10,000 crore is being carried forward in each subsequent auction, until fully utilised or till the last auction to be conducted in October 2021, whichever is earlier. Three auctions under this scheme have been conducted so far, and SFBs have availed a total amount of Rs 1,640 crore under the scheme, she added.
No plan to print currency notes to tide over crisis: FM Sitharaman
The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of the COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the Finance Minister said, "No Sir". Many economists and experts have suggested the government to resort to printing more currency notes to support the economy ravaged by the spread of COVID-19 and protect jobs. India's real Gross Domestic Product (GDP) is estimated to have contracted by 7.3 percent during 2020-21, Sitharaman said in a written reply to Lok Sabha. This contraction reflects the unparalleled effect of the pandemic and the containment measures that were taken to control the pandemic, she said. "The fundamentals of the economy remain strong as gradual scaling back of lockdowns, along with the astute support of Atmanirbhar Bharat Mission has placed the economy firmly on the path of recovery from the second half of FY 2020-21," she said. The government had announced a special economic and comprehensive package of Rs 29.87 lakh crore under AtmaNirbhar Bharat (ANB) to combat the impact of the pandemic, to revive economic growth and to bolster employment during 2020-21, she said.
FM Nirmala Sitharaman announces deadline of 45 days for central ministries and PSUs to clear dues of MSME sector
PM must make a statement in Parliament, clarify whether snooping was done: Chidambaram on Pegasus row
Senior Congress leader P Chidambaram on Sunday said the government should either call for a joint parliamentary committee probe into the Pegasus snooping allegations or request the Supreme Court to appoint a sitting judge to investigate the matter, and demanded that Prime Minister Narendra Modi make a statement in Parliament clarifying whether there had been surveillance or not. The former home minister said he was not sure that one can go to the extent of saying that the entire electoral mandate of 2019 was vitiated by the "unlawful snooping" but added that it may have "helped" the BJP to score that victory which has been "tainted" by the allegations. In an interview with PTI, Chidambaram also said a probe by a joint parliamentary committee (JPC) can be more effective than an investigation by the Parliamentary Standing Committee on Information Technology, asserting that the former would be more empowered by Parliament.
Rahul Gandhi drives a tractor to Parliament to protest farm law
Congress leader Rahul Gandhi on Monday drove a tractor to Parliament along with other party MPs and demanded that the three contentious farm laws be repealed. Gandhi along with party MPs Pratap Singh Bajwa, Ravneet Singh Bittu and Deepinder Singh Hooda also carried banners and raised slogans. "These laws are aimed at helping only two-three industrialists. The entire country knows for who whom these laws have been brought. These laws are not for the benefit of farmers and that is why they have to be withdrawn," Gandhi told reporters. Congress leaders Randeep Surjewala and Youth Congress chief BV Srinivas along with a number of party leaders were detained by the Delhi Police outside Parliament and taken to Mandir marg police station.
Rajya Sabha till 2 pm
Rajya Sabha adjourned till 2 pm amid sloganeering in the House by Opposition MPs, against 'Pegasus Project' media report.
Earlier, Rahul Gandhi reached Parliament driving a tractor in protest against farm laws
"I've brought farmers' message to Parliament. They (Govt) are suppressing voices of farmers & not letting a discussion take place in Parliament. They'll have to repeal these black laws. The entire country knows these laws favour 2-3 big businessmen," said Congress leader Rahul Gandhi.
"As per the Centre, farmers are very happy and those (protesting farmers) sitting outside are terrorists. But in reality, farmers' rights are being snatched away," the Congress leader said after driving a tractor to Parliament.
Lok Sabha adjourned till 2 pm
Earlier, both Houses of Parliament paid tribute to soldiers who lost their lives in the Kargil war.
In 1999, the Indian armed forces defeated attempts by Pakistan to capture strategic heights in Kargil. It was named ''Operation Vijay'' (victory).
Rajya Sabha adjourned till noon amid din from Opposition over Pegasus row
Rajya Sabha adjourned till 12 noon following sloganeering by Opposition MPs demanding a discussion on the 'Pegasus Project' report.
RS, LS congratulate Mirabai Chanu for winning silver medal in Tokyo Olympics
Both Lok Sabha and Rajya Sabha congratulated Mirabai Chanu for the silver medal on Day 1 of the Tokyo Olympics. Mirabai Chanu ended India's 21-year wait for a weightlifting medal at the Olympics by clinching a silver medal in the 49kg category to open the country's account here on Saturday. The 26-year-old lifted a total of 202kg (87kg+115kg) to better Karnam Malleswari's bronze in the 2000 Sydney Olympics. With this, she exorcised the ghosts of the 2016 Games where she had failed to log a single legitimate lift.
Ignoring China's actions can cause huge problems later: Rahul Gandhi to govt
Congress leader Rahul Gandhi on Monday alleged that the government is clueless on how to handle China, and said ignoring its actions now will cause problems later. He cited a media report which claimed that in Demchok in Eastern Ladakh, China's tents are still on the Indian side and there is no date yet for talks between core commanders of the two countries.
"GOI is clueless on how to handle China. Ignoring their actions now will cause huge problems in the future," Gandhi said on Twitter.
India and China are involved in a stand-off in Eastern Ladakh since May last year and two countries have been holding talks for de-escalation and disengagement.
Congress general secretary and chief spokesperson Randeep Surjewala also took a swipe at the prime minister over the matter.
"Show red eyes, Saheb, blow your 56" saheb," he said in a tweet in Hindi using the hashtag #RemoveChinaFromOurLand.
Bills to be taken by up Lok Sabha today
In Lok Sabha, ministers Bhupender Yadav, Rameswar Teli will lay papers on the Table for the Ministry of Labour and Employment and for the Ministry of Petroleum and Natural Gas. The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 will be introduced by Finance Minister Nirmala Sitharaman. She will also present the Factoring Regulation (Amendment) Bill, 2020 for consideration and passing. Other bills that are likely to come up are The National Institutes of Food Technology, Entrepreneurship and Management Bill, 2021.
Congress gives adjournment motion over Pegasus row
After two days of weekend off, Parliament is set to meet today again as issues like Pegasus snooping row, farm laws among others threaten to put the treasury and opposition benches for yet another stormy showdown. Lok Sabha MP Manickam Tagore has already given an adjournment motion notice on the Israeli spyware Pegasus row. Both Lok Sabha and Rajya Sabha were adjourned on Friday following the ruckus by the opposition over a host of issues.
Welcome to CNBC-TV18.com's live coverage of parliament proceedings on Monday from both House of Parliament - Lok Sabha and Rajya Sabha. Our team of journalists will keep you posted on the latest updates from the August House today.