2016 Indian Budget Session Concludes on a Positive Note

abstractimages-unionbudget_2016_860674035

abstractimages-unionbudget_2016_860674035

The 2016 Indian budget session that started on April 25, 2016 concluded today while the Lok Sabha was adjourned on May 11,2016.The complete budget session being quite productive as per the Minister Shri M.A.Naqvi. AS far as the exiting 2016 Indian budget session is concerned, the minister categorically stated “Contrary to forecasts in some media and political circles, this session has been by and large productive and fruitful despite the heat generated on some issues of wider implications.

Shri Naqvi informed that productivity of Lok Sabha during this Session has been 117.58% and that of Rajya Sabha at 86.68%. Ten Bills were passed in Lok Sabha and 12 in Rajya Sabha.

Giving an account of the efforts made by the Government towards legislation and functioning of Parliament over the last two years, Shri Naqvi informed that the number of sittings of both the Houses and Bills passed by the Lower House have improved during this period. Elaborating on this, he stated that

Out of the 8 sessions of the 16th Lok Sabha so far, productivity of the House (working hours as against available time) has been more than 100% in respect of six sessions. Productivity of Rajya Sabha has been more than 100% in respect of 2 sessions and over 80% in case of another three sessions during the last two years.

On a caomparative note for the efficiency of the existing government compared to the past, the minister elaborated on the fact that

Rajya Sabha held 71 sittings and passed over 41 Bills  per year as against  67 sittings and 45 Bills per year during 2004-14. Lok Sabha passed 96 Bills and Rajya Sabha cleared 83 Bills during the last two years.Lok Sabha held 75 sittings and passed 48 Bills per year as against 70 sittings and 45 Bills per year during 2004-14.

2016 Budget Session Summary

  • Over a dozen reform Bills passed in 2 years and Parliament needs to do more to push reforms, The Insurance Laws (Amendment) Bill, The Securities Laws (Amendment) Bill, The Labour Laws (Amendment) Bill, The Coal Mines (Special Provisions) Bill, The Mines and Minerals (Development and Regulation) Amendment Bill, The Payments and Settlement Systems (Amendment )Bill, The Companies (Amendment) Bill, The Negotiable Instruments (Amendment) Bill, The Real Estate (Regulation and Development) Bills, The Aadhar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, The Indian Trusts (Amendment) Bill and The Insolvency and Bankruptcy Code.
  • Major Bills passed during this Session included –The Finance Bill and the Railways Appropriation Bill, the Insolvency and Bankruptcy Code, The Mines and Minerals (Development and Regulation) Bill, the Industries (Development and Regulation) Bill and the Anti-Hijacking Bill, passed by both the Houses and the Compensatory Afforestation Bill, passed by Lok Sabha.
  • GST Bill will not be held up for long on political considerations and hopefully it will be passed soon, GST Bill likely next session-Minister
  • 1,175 outdated laws repealed during last two years
  • 44 Bills are  pending in Rajya Sabha for consideration and passing while it is 11 in case of Lok Sabha