As the Parliament session 2018 has begun, all are eagerly waiting for the Economic Survey and Budget Session that will be presented on 1st February. This year’s session is quite important since it’s going to be the last full-fledged budget of Modi government before the 2019 Lok Sabha Elections. Other than the budget, a lot of other crucial issues will be tabled and decisions will be made on agendas that have been waiting to get a green signal for a long time now.
The budget session has begun today i.e. 29th January and will go on until April 6, whereby the first phase will go on until Feb 9 while the second phase is scheduled from March 5.
Mentioned below are the highlights of the Parliament Session 2018:
• The Economic Survey 2018 will be tabled in both Lok Sabha and Rajya Sabha. It’s an annual publication of the Finance Ministry and reviews the development of country’s economy as compared to the previous year. It summarizes the performance of the government’s major development programs and the main policy initiatives during that period.
• The Triple Talaq Bill which makes it illegal to get a divorce by Muslim men just by the pronouncement of the word Talaq, in written or verbal form, has yet to be given a green signal. The opposition has demanded to reduce the penalty term and make the offense a civil one.
• The Rajya Sabha is going to take up consideration of the Goods and Services Tax Amendment Bill 2017 that will increase the cap on the GST Compensation Cess on vehicles from 15% to 25%.
• The Motor Vehicles (Amendment) Bill 2017 has been approved by the Lok Sabha but it still has to be given a green signal by Rajya Sabha and after getting approved by the President, it will become a law. The amendment suggests some very notable changes regarding the penalty terms and also makes the Aadhaar mandatory to acquire a driving license.
• The Menstruation Bill 2017 is to be taken by up the parliament session. It has been proposed by a Lok Sabha member seeks to provide a two-day menstrual leave to women working in the public as well as private sectors.
• Reports suggest that the union budget will focus on small businesses, rural schemes, and job creation. It’s also likely to offer incentives to the farm sector and small business houses. The government will also sincerely consider the suggestions of the opposition given in all-party meeting.
• The House will be denoting a constitutional status to the Commission on other backward castes. Besides, the Wage Code Bill will be pushed in the session which is to set benchmark minimum wages for different regions.