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TMC raises PNB scam in Rajya Sabha, House adjourned till 2 pm

TMC raises PNB scam in Rajya Sabha, House adjourned till 2 pm”

Finance minister Arun Jaitley moved 21 amendments to the Finance Bill, which was passed by a voice vote and so was the Appropriations Bill containing the spending proposals for 2018-19.

Giving some relief to investors, the government on Wednesday extended indexation benefit for computing tax liability on sale of shares listed after January 31, though capital gains arising from such transactions will continue to be taxed at 20 per cent.

Guillotine is a tool whereby a fixed time is allotted for discussion for each ministry. In the recent past, Union budgets were passed without discussion in 2013-14 and 2003-04 when, like today, all demands were guillotined.

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The Lok Sabha on Thursday passed a bill that seeks to increase the maximum limit of gratuity of employees in the private and public sector from the present Rs 10 lakh to Rs 20 lakh. Indexation benefits allow the owner of shares to raise the cost of acquisition and consequently reduce capital gains.

It was taken up soon after the House met after the first adjournment of proceedings at the beginning of the day.

Holding placards and shouting slogans, MPs from TDP and YRS Congress sought special assistance for AP, AIADMK members were seeking setting up of the Cauvery river tribunal.

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A world where the BJP has more numbers than the Opposition in the Rajya Sabha too is scary to contemplate, with the Lok Sabha already witnessing the tyranny of the majority party. Amendments moved by several members such as RSP's N K Premachandran and Congress's Adhir Ranjan Chowdhury were negated, and when they demanded a division, they found their microphones switched off. The fourth batch involved cash outgo of Rs 85,315 crore, mainly on compensating states for loss of revenue from implementation of Goods and Services Tax (GST).

"The government was hell-bent on passing bills without any discussion and is not interested in amicably settling the issues in the House in a democratic manner", Congress leader K C Venugopal said. The appropriation bill was passed through guillotine which means that all the main demands in the funds of different departments will be put for the vote but the discussion is not necessary.

Protests in the Lok Sabha over the range of diverse issues continued disrupting the resumed Budget Session.

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"The Budget Session of Parliament saw a repeat of Monday's commotion as proceedings in both Houses of Parliament €" Lok Sabha and Rajya Sabha €" were stalled for the seventh day with no let up in protests by Opposition parties.



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