Parliament Budget Session 2025: Finance Bill, Waqf Bill Among 16 Bills, Check Full List And Details Here

The Parliament Budget Session 2025 (Jan 31 - Apr 4) will introduce 16 new Bills and review 13 key legislations, including the Finance Bill, Waqf (Amendment) Bill, and Immigration and Foreigners Bill. Major discussions will focus on economic policies, taxation reforms, banking regulations, and disaster management, shaping India’s fiscal and legislative framework.

Feb 6, 2025, 19:03 IST
Parliament Budget Session 2025: Finance Bill, Waqf Bill Among 16 Bills, Check Full List And Details Here
Parliament Budget Session 2025: Finance Bill, Waqf Bill Among 16 Bills, Check Full List And Details Here

Parliament Budget Session 2025 is being held from January 31 to April 4, 2025, in two phases. The first session will be concluded on February 13 while the second session will begin on March 10. Budget Session 2025 consists of 16 Bills including the Finance Bill, Waqf (Amendment) Bill, and Immigration and Foreigners Bill. Key discussions will focus on economic policies, taxation reforms, banking regulations, and disaster management. The session will also deliberate on Demands for Grants for 2025-26 and supplementary allocations for 2024-25, shaping India’s fiscal and legislative framework for the upcoming year.

Source: sansad.in

Sessions of Parliament in India

Parliamentary sessions are essential for governance, allowing lawmakers to deliberate on policies, pass laws, and oversee the executive. Article 85 of the Indian Constitution governs the convening, prorogation, and dissolution of parliamentary sessions.

Constitutional Provisions

Article

Provision

85(1)

The President summons each House of Parliament at such times and places as deemed appropriate, ensuring no more than six months pass between sessions.

85(2)

The President has the authority to prorogue or dissolve the Lok Sabha when required.

Types of Parliamentary Sessions

India's Parliament typically holds three regular sessions annually:

1. Budget Session (February - March)

    • Objective: Discuss and approve the Union Budget.
    • Activities:
      • President's Address.
      • Presentation and debate on the Budget.
      • Review of budgetary allocations by Parliamentary Committees.

2. Monsoon Session (July - August)

    • Objective: Legislative discussions and addressing national issues.
    • Activities:
      • Introduction and passage of bills.
      • Debates on government policies and opposition concerns.

3.Winter Session (November - December)

    • Objective: Legislative business and review of government performance.
    • Activities:
      • Introduction of new bills.
      • Scrutiny of pending legislation.
      • Discussion on governance effectiveness.

Let us now look at the key highlights of the Budget Session 2025 along with the list of bills.

Overview

Bills to be Introduced

S.No.

Bill Name

Purpose

1. 

The Finance Bill, 2025

Governs financial proposals, including taxation changes and economic reforms

2.

The Protection of Interest in Aircraft Objects Bill, 2025

Addresses financial security in the aviation sector

3. 

The Tribhuvan Sahkari University Bill, 2025

Renames the Institute of Rural Management Anand and elevates it to national importance

4. 

The Immigration and Foreigners Bill, 2025

Updates regulations on immigration and entry of foreigners

5. 

The Banking Laws (Amendment) Bill, 2024

Strengthens banking governance and consumer protection

6. 

The Railways (Amendment) Bill, 2024

Merges Indian Railways and Indian Railways Board Acts

7. 

The Disaster Management (Amendment) Bill, 2024

Transfers disaster planning responsibility to central and state agencies

8.

The Oilfields (Regulation and Development) Amendment Bill, 2024

Updates laws governing oil exploration and extraction

Bills for Consideration and Passage

S.No.

Bill Name

Purpose

1. 

The Banking Laws (Amendment) Bill, 2024

Strengthens governance in the banking sector

2. 

The Railways (Amendment) Bill, 2024

Unifies regulatory framework for Indian Railways

3. 

The Disaster Management (Amendment) Bill, 2024

Improves disaster response mechanisms

4. 

The Oilfields (Regulation and Development) Amendment Bill, 2024

Enhances regulatory framework for oil exploration

5. 

The Boilers Bill, 2024

Introduces stricter industrial safety measures

6. 

The Waqf (Amendment) Bill, 2024

Proposes 44 changes to Waqf management laws

7. 

The Musalman Waqf (Repeal) Bill, 2024

Repeals outdated waqf laws

8. 

The Bills of Lading Bill, 2024

Updates maritime trade laws

9. 

The Carriage of Goods by Sea Bill, 2024

Modernizes sea cargo regulations

10. 

The Coastal Shipping Bill, 2024

Enhances regulations for domestic coastal shipping

11. 

The Merchant Shipping Bill, 2024

Strengthens international maritime trade framework

12.

The Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024

Reallocates assembly seats for better tribal representation

Key Financial Business

  • Demands for Grants 2025-26: Discussion, voting, and passage of related Appropriation Bill
  • Demands for Excess Grants 2021-22: Approval and passage of financial adjustments
  • Supplementary Demands for Grants 2024-25: Additional budgetary provisions discussion and approval

Highlights of Key Bills

1. Waqf (Amendment) Bill, 2024

  • Proposed Changes: 44 amendments to Waqf laws governing Muslim charitable properties
  • Controversy: Opposition raised concerns over the exclusion of their recommendations
  • Status: Referred to a Joint Parliamentary Committee (JPC), which has made 14 recommendations

Source: livelaw.in

2. Finance Bill, 2025

  • Potential Reforms: Introduction of a Simplified Income Tax Code
  • Objectives:
    • Ease tax compliance
    • Enhance clarity in tax regulations
    • Boost taxpayer convenience
  • Status: Discussion pending, possible separate introduction of tax code reforms

3. Banking Laws (Amendment) Bill, 2024

  • Purpose: Strengthen banking governance, improve customer services
  • Proposed Changes: Improved investor protection and streamlined nominations

4. Disaster Management (Amendment) Bill, 2024

  • Key Changes:
    • Shifts disaster planning to central and state authorities
    • Introduces a unified national disaster response database

5. Coastal & Merchant Shipping Bills

  • Objective: Modernization of maritime trade laws, improving shipping efficiency
  • Bills Covered:
    • Bills of Lading Bill, 2024
    • Carriage of Goods by Sea Bill, 2024
    • Coastal Shipping Bill, 2024
    • Merchant Shipping Bill, 2024

Conclusion

The Budget Session 2025 will be a crucial period for economic and governance reforms, with major legislation addressing financial, infrastructural, and regulatory improvements. Intense debates are expected, particularly on taxation policies, banking reforms, and waqf law amendments. The session's outcomes will significantly shape India's policy and financial landscape for the coming years.

Prabhat Mishra
Prabhat Mishra

Content Writer

    Prabhat Mishra is an accomplished content creator with over 2 years of expertise in education, national and international news, and current affairs. A B.Tech graduate with extensive UPSC preparation, he has qualified for the UPPCS 2022 Mains and Bihar 68th Mains, showcasing his deep understanding of competitive exams.

    He has contributed to top platforms like Mentorship IndiaIAS BABA, and IAS SARTHI, delivering engaging articles on trending topics and global affairs. As a content writer for Jagranjosh.com, Prabhat specializes in crafting high-quality, insightful content for the G.K. and Current Affairs section, driving engagement and providing value to a wide audience.

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