New Delhi: The Lok Sabha passed the Finance Bill, 2026, marking a key legislative step required to implement proposals outlined in the Union Budget for 2026–27.
Finance Minister Nirmala Sitharaman addressed the House during the discussion on the Bill, which was later approved through a voice vote. The legislation provides legal backing for changes in income tax rates, as well as revisions in customs and excise duties.
Opposition Raises Concerns
Several Opposition members opposed the introduction of the Bill, raising concerns over specific provisions. Among those who spoke against it were Manish Tewari, Sougata Ray, and T Sumathy.
They argued that certain provisions in the proposed legislation could weaken aspects of Corporate Social Responsibility (CSR) regulations. The government, however, proceeded with the passage of the Bill.
Protest Over LPG Supply Concerns
Outside Parliament, Opposition leaders staged a protest within the Parliament House complex over concerns related to a reported LPG supply crunch linked to the ongoing conflict in West Asia.
Leaders including Mallikarjun Kharge, Supriya Sule, Dharmendra Yadav, Sudama Prasad, T Sumathy, and Mahua Maji were among those present near the Makar Dwar during the demonstration.
All-Party Meeting on West Asia Crisis
Amid rising concerns over the geopolitical situation in West Asia, Union Home Minister Amit Shah is scheduled to chair an all-party meeting later in the day.
The meeting aims to brief political leaders on the evolving situation and its potential economic and security implications for India. The initiative follows remarks by Prime Minister Narendra Modi in both Houses of Parliament, where he described the situation as an unprecedented crisis with possible long-term effects.
The government’s outreach to political parties comes as global developments continue to influence energy markets and domestic supply concerns.