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Why in the News ? The Parliament has completed the Union Budget 2025-26 process with the Rajya Sabha returning the Finance Bill 2025 to the Lok Sabha, including 35 amendments. This marks the conclusion of the annual budgetary exercise for the upcoming fiscal year. About the Parliamentary Approval of Union Budget 2025-26: The Parliament has …
Read MoreWhy in News ? The Disaster Management (Amendment) Bill, 2024 has been passed in Parliament to enhance the efficiency of disaster response mechanisms. It empowers NDMA, SDMAs, and local bodies, introduces AI-based monitoring, and promotes proactive risk reduction in disaster management. Government’s Perspective Union Home Minister Amit Shah emphasized that disasters have evolved in scale …
Read MoreWhy in the News ? Parliament has passed the Boilers Bill 2024, replacing the Boilers Act 1923, to improve boiler safety regulations, ensure uniform registration and inspection, and facilitate ease of doing business. The Bill retains strict penalties for serious offences while introducing decriminalization for minor violations. Key Provisions of the Boilers Bill 2024: Repeals …
Read MoreWhy in the News ? The Lok Sabha has passed the Finance Bill 2025, introducing zero income tax for income up to ₹12 lakh under the new tax regime. The Bill also focuses on tariff rationalization, boosting domestic manufacturing, and supporting startups with extended benefits. Key Provisions of the Finance Bill 2025: Tax Benefits: Under …
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