Monsoon Session Updates: The discussion over budget is expected to start in the second half of the day.
Lok Sabha and Rajya Sabha will hold a discussion on Union Budget today, day after Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament.
A general discussion on the budget for the Union Territory of Jammu and Kashmir for the fiscal year 2024-25 will be also held in the Rajya Sabha today.
The discussion is crucial as both the budgets shape the financial direction of the country and the Union Territory, respectively.
Here are the live updates on Monsoon Session of Parliament:
Abhishek Banerjee Targets Government Over Budget
Abhishek Banerjee's acronym for BUDGET: B for Betrayal, U for Unemployment, D for Deprived, G for Guarantee with zero warranty, E for Eccentric, T for Tragedy
Budget Without Any Clarity, Vision: Abhishek Banerjee In Lok Sabha
Trinamool Leader Abhishek Banerjee slammed the BJP over the Union Budget and said Budget's B stands for betrayal. It is a budget without any clarity and vision, he said.
Monsoon Session Updates: On INDIA bloc protest against Union Budget, BJP MP Suresh Gopi says, "It's their duty, let them do it. Let them protest. This budget is for the country... What was most needed was a little cuddling of the middle class... The finance ministry has given an impetus to the job makers and the job seekers... They should look at the budget with the people in view, not the politics in view."
Monsoon Session Updates: Shiromani Akali Dal MP Harsimrat Kaur Badal says, " I had said this yesterday as well, that this is a 'sarkar bachao budget'... Its as if no one else exists. They talk about floods but they did nothing for the floods in Punjab. There is nothing for the farmers despite promises made to them... Punjab has not been paid attention to for the last 6 budgets... Before the AAP government in Punjab, Congress was in power and had promised to waive farmer loans, but nothing was done. SAD is the only party who is raising the voice of farmers..."
Parliament LIVE Updates: On Suspension of Business Notices in Rajya Sabha given under Rule 267 by MPs, House Chairman Jagdeep Dhankhar said, "I reiterate, leaders of political parties need to take a call on the issue, as it is becoming a routine daily affair in every sitting of the House. I had already indicated that in the last 36 years, this mechanism has been allowed only on six occasions. It is only in exceptional circumstances that the same may be allowed. I need not emphasise that seeking suspension of proceedings in the House for taking business as indicated is indeed a very serious matter. The notices filed today do not conform to the directives imparted by the Chair in this behalf and the same are not admitted."
Monsoon Session Updates:
Opposition MPs walkout of Rajya Sabha after row over Budget
Sloganeering by Opposition MPs in Lok Sabha against Union Budget during Question HourUnion Parliamentary Affairs Minister Kiren Rijiju on Wednesday lauded the Union Budget and called it "good." Further attacking the opposition, he said, they are trying to "mislead people" by saying that the budget presented by the Centre is only for two states (Bihar and Andhra Pradesh).
The INDIA bloc MPs are holding a protest in Parliament against the Union Budget, presented on July 23 by Finance Minister Nirmala Sitharaman. The opposition parties have alleged the Union Budget 2024 to be a "discriminatory budget".
"The Budget is really good and everyone has welcomed it. The opposition is trying to mislead by saying that it is a budget for only 2 states. The allocation of capital expenditure of Rs 11 lakh 11 thousand 111 crores for building infrastructure is not for 1-2 states, it is for the entire country," Mr Rijiju told reporters outside New Parliament building.
Mr Rijiju further said that it is "wrong whoever says that the entire Union Budget is for one for two states."
Monsoon Session Updates:
Sloganeering by Opposition MPs in Lok Sabha against Union Budget during Question Hour
On INDIA bloc protest against Union Budget, Samajwadi Party MP Jaya Bachchan says, "This budget doesn't deserve a reaction. This is just a drama. Promises which will be kept in papers will not be implemented."
Monsoon Session Updates:
On INDIA bloc protest against Union Budget, Congress MP Randeep Singh Surjewala says, "... This is a 'kursi bachao budget', 'satta bachao budget', 'badla lo budget'. More than 90% people of the country have been isolated with this budget... Modi government is focussed only on saving the BJP government."
Monsoon Session Updates: Congress Parliamentary Party Chairperson Sonia Gandhi, LoP in Lok Sabha-Rahul Gandhi, Samajwadi Party MP Jaya Bachchan, TMC MP Derek O'Brien in the Parliament as the INDIA bloc protest against 'discriminatory' Union Budget 2024.
Monsoon Session Live: On leaders of the INDIA bloc protesting against Union Budget 2024, Shiv Sena (UBT) leader Priyanka Chaturvedi says, "This protest is against the discrimination in the budget. All the opposition-ruled states have been ignored... We witnessed 'PM Maharashtra Virodhi Yojana' in the Budget yesterday. Maharashtra is the highest tax paying state, yet we don't get our share in return..."
On the Union Budget, Samajwadi Party MP Akhilesh Yadav says "We all were demanding that farmers should get MSP but the support price is given to the alliance partners who are saving their govt, rather than the farmers...The government could not take any concrete step regarding inflation. Uttar Pradesh did not get anything. UP should have got a double benefit from the double-engine government. I think the people of Lucknow have angered the people of Delhi. Its result is visible in the budget. So what is the benefit of the double engine?..."
Congress President & LoP Rajya Sabha Mallikarjun Kharge says, "Many didn't get justice (in Union Budget). We are fighting for justice."
Leaders of INDIA parties protest against Union Budget 2024, Congress President Mallikarjun Kharge says, "It is injustice...We will protest..."
Parliament LIVE Updates:
INDIA parties' leaders protest against 'discriminatory' Union Budget 2024, in Parliament
Union Home Minister Amit Shah reaches Parliament.
In Budget 2024, The Lok Sabha Election EffectThe first budget of the third term of Narendra Modi government bore a clear imprint of the recent Lok Sabha election, in which the BJP failed to gain majority on its own and had to depend on allies to form government. The reaction went beyond the special packages for Nitish Kumar's Bihar and Chandrababu Naidu's Andhra Pradesh - a compensatory gesture for the blocked special category status that both states had demanded.
The biggest focus of this budget was employment for the country's young people -- across all sectors and including the opportunity for apprenticeship in private companies. The government is also providing a month's salary upto ₹ 15,000 to the new recruits through Direct Benefit Transfer.
The deal is sweetened for employers with subsidy on their share of Provident Fund Payments.
Monsoon Session Updates: Congress' Mallikarjun Kharge hails 1991 budget by Manmohan Singh, stresses on the need for middle classEmphasizing the necessity for a budget that addresses the needs of the middle class and the underprivileged, Congress President Mallikarjun Kharge praised the 1991 budget presented by former Finance Minister Manmohan Singh, noting that it spurred India's growth trajectory.
"July 1991 marked a watershed moment in India's history, as the Liberalisation Budget, spearheaded by then Prime Minister P.V.Narasimha Rao and Finance Minister Dr. Manmohan Singh, ushered in a new era of economic reforms. This visionary move revolutionised the country, empowering the middle class and uplifting millions from poverty and marginalisation. The Congress party takes immense pride in this groundbreaking achievement, which catalysed India's growth trajectory and continues to inspire progress and prosperity," Congress leader Mallikarjun Kharge wrote in a post on X.
Parliament Monsoon Session LIVE Updates:Rajya Sabha to hold general discussion on Union Budget, Jammu and Kashmir Budget
A general discussion on the Union Budget and the budget for the Union Territory of Jammu and Kashmir for the fiscal year 2024-25 will be held in the Rajya Sabha later on Wednesday.
Finance Minister Nirmala Sitharaman presented both the Union Budget and the Jammu and Kashmir Budget in the House on July 23. The discussion is crucial as both the budgets shape the financial direction of the country and the Union Territory, respectively.
The Union Budget outlines the government's revenue and expenditure plans for the upcoming fiscal year, while the budget for the Union Territory of Jammu and Kashmir is a significant event considering the developmental needs.
As per the list of businesses of the Rajya Sabha, the discussion on these two budgets will be convened later in the day.
The discussion over these two budgets is expected to start in the second half of the day.