The Session will have 16 sittings spread over 22 days. Union Minister for Parliamentary Affairs Kiren Rijiju said that this session will mainly be devoted to the financial business relating to the Union Budget for 2024-25, which will be presented to Lok Sabha on July 23.
Finance Minister Sitharaman announced that a new provision would be introduced to provide an opportunity to taxpayers to file the updated returns, on payment of additional tax, within two years of the end of the relevant assessment year.
In her budget speech, Finance Minister Sitharaman announced that a digital rupee will be issued using blockchain and other technologies and will be issued by the Reserve Bank of India starting 2022-23.
The significant reduction in the defence budget was the first in a series of disastrous steps taken by PM Jawaharlal Nehru leading to the embarrassing defeat in 1962 war
The Finance Minister added that Indian Railways will monetize dedicated freight corridor assets after commissioning. Indian railways have prepared National Rail Plan for India 2030.