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26Mar 2025

Lok Sabha Passes Finance Bill 2025, Announces Major Tax Relief

Why 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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30May 2024

PARLIAMENT

INTRODUCTION The Parliament, an essential pillar of the Indian democratic framework, stands as the primary legislative body of the Union government. Its centrality in the nation’s political system is the result of India’s adoption of the parliamentary form of government, often referred to as the ‘Westminster’ model. This system, enshrined in Articles 79 to 122 …

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30May 2024

PARLIAMENTARY SYSTEM

Introduction The Indian Constitution establishes a parliamentary form of government, both at the Centre and in the states. Articles 74 and 75 address the parliamentary system at the Centre and Articles 163 and 164 in the states. Modern democratic governments are classified into parliamentary and presidential systems based on the relationship between the executive and …

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