Today is last day of Budget Session of Parliament

Today is the last day of the Budget Session of Parliament and first half of the session was held from 31st January to 9th February and after a month long recess the second half of the session began on 9th of last month.

During the session till now, the Lok Sabha has passed 21 bills and the Rajya Sabha 14 bills. They include the Enemy Property (Amendment and Validation) Bill, The Mental Health Care Bill, The Maternity Benefits (Amendment) Bill, The Payment of Wages (Amendment) Bill, 2017 and the crucial four supporting bills for the roll out of the Goods and Services Tax. 

Scrapping a colonial-era tradition of presenting the Budget at the end of February, for the first time in the history of independent India Government presented the annual accounts on February 1st. 

The legislative process of getting approvals for demands for



grants, general Budget as well as taxation proposals contained in the Finance Bill 2017 were all completed by 30th March. For the first-time ever the annual Budget together with taxation proposals came into effect from the first day of the financial year.

Prime Minister Narendra Modi yesterday described the Budget Session as a winner for the treasury benches. He said, the government was able to secure passage of many key bills in the Parliament. The first part of the Budget Session was very productive as Lok Sabha functioned 113 percent while Rajya Sabha 97 percent. 

The productivity in the second half of the budget session till now for Lok Sabha and Rajya Sabha has been 112 percent and 87 percent. 

The Companies (Amendment) Bill, 2016 and The Repealing and Amending Bill, 2017 is scheduled for consideration and passage in Lok Sabha today.