financetom
Economy
financetom
/
Economy
/
Rajya Sabha returns Finance Bill 2023 to LS without discussion amid Opposition uproar on Rahul Gandhi
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rajya Sabha returns Finance Bill 2023 to LS without discussion amid Opposition uproar on Rahul Gandhi
Mar 27, 2023 6:48 AM

On Monday, the Rajya Sabha returned the Finance Bill 2023 with an amendment, as well as the Jammu and Kashmir Budget 2023-24 and appropriation bills, to the Lok Sabha without discussion. It then adjourned for the day amid opposition uproar over the Adani issue.

Share Market Live

NSE

After the Rajya Sabha reassembled at 2 pm, having been adjourned in the pre-lunch session, Chairman Jagdeep Dhankhar began the process of returning the bills amid din. The House first returned the Jammu and Kashmir Budget and later the appropriation bills and the Finance Bill 2023.

ALSO READ | Lok Sabha applies guillotine to pass Budget, Finance Bill — what is it

While moving the Finance Bill for discussion, Finance Minister Nirmala Sitharaman moved an amendment to correct the rates of Securities Transaction Tax in the bill that was passed by the Lok Sabha last week.

However, opposition MPs continued to disrupt the House demanding a discussion on the Adani issue and a joint parliamentary committee probe into the matter, despite Dhankhar inviting members for discussion.

Later the bills were approved to be returned to Lok Sabha by voice vote without discussion. Lok Sabha too had approved these bills last week without discussion amid continuous disruption of the House.

ALSO READ | Finance Bill 2023 passed in Lok Sabha — check key amendments and highlights

In the pre-lunch session, opposition MPs, wearing black clothes to protest Congress leader Rahul Gandhi’s disqualification from Lok Sabha, created a ruckus over the Adani issue.

MPs of the Congress and other opposition parties began shouting slogans even before Chairman Dhankhar took his seat. Sensing the mood, he adjourned the proceedings till 2 pm.

ALSO READ | Congress leaders wear black to protest against Centre, Kharge tells why they chose the colour | WATCH

“Modi-Adani bhai, bhai,” members of opposition parties shouted. They also raised slogans demanding the Joint Parliamentary Committee (JPC) probe into allegations of corporate fraud and stock price manipulations against the Adani Group. However, the Adani Group has denied all charges.

Chairman Dhankhar lamented that members did not avail of the 10 hours that had been allocated for discussion on the bills. He then adjourned Rajya Sabha for the day.

With agency inputs.

(Edited by : Ayushi Agarwal)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US single-family homebuilding rebounds, rising supply could limit momentum
US single-family homebuilding rebounds, rising supply could limit momentum
Sep 23, 2024
(Adds details from report throughout, analyst comments) By Lucia Mutikani WASHINGTON (Reuters) - U.S. single-family homebuilding rebounded sharply in August, but a moderate increase in building permits suggested that the momentum was unlikely to be sustained against the backdrop of rising supply of new homes on the market. The jump in single-family housing starts reported by the U.S. Commerce Department...
September Philadelphia Fed Regional Nonmanufacturing Activity Index Indicates Slower Pace of Contraction
September Philadelphia Fed Regional Nonmanufacturing Activity Index Indicates Slower Pace of Contraction
Sep 24, 2024
08:44 AM EDT, 09/24/2024 (MT Newswires) -- The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to minus 6.1 in September from minus 25.1 in the previous month, compared with expectations for a smaller increase to a reading of minus 9.3 in a survey compiled by Bloomberg as of 7:30 am ET. The index indicates a slower pace of...
Fed's Bowman: Lingering inflation risks warrant more cautious cuts
Fed's Bowman: Lingering inflation risks warrant more cautious cuts
Sep 24, 2024
WASHINGTON (Reuters) - U.S. Federal Reserve Governor Michelle Bowman said on Tuesday key measures of inflation remain uncomfortably above the Fed's 2% target, warranting caution as the Fed proceeds with cutting interest rates. Bowman said she agreed that progress on lowering inflation since it peaked in 2022 means it is time for the Fed to reset monetary policy. But she...
Fed's rate cut offers limited relief for US factories facing China competition
Fed's rate cut offers limited relief for US factories facing China competition
Sep 24, 2024
(Reuters) - Drew Greenblatt loves that the Federal Reserve has cut interest rates. But the half-point reduction, the first in what is expected to be a series of cuts, won't help him win what he calls the trench warfare he's fighting with one of his big customers. That buyer moved work out of China during the COVID-19 pandemic - placing...
Copyright 2023-2025 - www.financetom.com All Rights Reserved