Lok Sabha Finance Bill 2025 For Consideration And Passing
Finance Bill 2025: The Lok Sabha today took up the Finance Bill 2025 for consideration and passing. The Bill seeks to give effect to the financial proposals of the Central Government for the financial year 2025-2026.
Shashi Tharoor of the Congress started the conversation by stating that the nation’s GST system is extremely complicated. He claimed that although small confectionery businesses pay 18% GST, they are not eligible for input credit since they do not have a Harmonized System of Nomenclature (HSN) designation. According to Mr. Tharoor, the average citizen who pays taxes to the government ought to receive some sort of relief. He described this financing law as an example of a patchwork solution.
GST Rates
Nishikant Dubey of BJP said, The whole world is facing an economic crisis, but India has emerged as a bright spot in the last ten years. Mr Dubey said 28 per cent GST has been imposed on online gaming to keep a check on its unrestrained growth. He said online gaming harms youngsters, and they are spending their parents’ hard-earned money on betting. Mr Dubey said the government has brought rationalisation in GST rates.
The BJP MP added that to make lifesaving medicines more affordable to the poor, the government has reduced tariffs on 36 such medicines in the Union Budget. He also said the government has also rationalised the tariff on textiles to promote the handloom sector. Participating in the discussion, Neeraj Maurya of the Samajwadi Party said the government should give more focus to the welfare of SCs, OBCs and minorities in the budget. He said, that without their development, the dream of a developed India cannot be fulfilled.
TMC’s Mahua Moitra opposed the Finance Bill, claiming that the government has not taken any action to lessen the tax burden on the underprivileged. “All social sector spending has decreased,” she remarked. Supriya Sule of the NCP (SCP), who took part in the discussion, stated that adjustments are still needed to the nation’s tax system. According to her, if the nation wants to develop, a sound tax system is essential. The BJP’s Anurag Thakur claimed that the Modi administration had established stable economic conditions. According to him, long-term reforms are being implemented to make India a top investment destination for international capital. According to Mr. Thakur, the opposition is currently involved in appeasement politics after distorting democracy during the emergency.
Lok Sabha Finance Bill 2025
Meanwhile, countering opposition allegations of not fulfilling the promises of giving two crore jobs annually, MSME Minister Jitan Ram Manjhi said that his ministry itself has provided employment to 26 crore people, and six crore more people have been enrolled for employment. He said the government has provided more jobs than promised.
Dileshwar Kamait of JD(U) thanked the Modi government for bringing the Finance Bill to ensure easy access to financial services for the people of the country.
Harsimrat Kaur Badal of Shiromani Akali Dal said the budget does not have provisions to facilitate MSPs to farmers.
PV Midhun Reddy of YSRCP, RJD’s Abhay Kumar Sinha, Gurjeet Singh Aujla of Congress, Anil Yeshwant Desai of Shiv Sena (UBT), Amra Ram of CPI(M) and NK Premachandran of RSP also participated in the discussion. The discussion remained inconclusive.
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