Vijay Mallya's resignation from Rajya Sabha that was accepted by Chairman Hamid Ansari, and debate over the VVIP chopper deal dominated a majority of the Parliament proceedings on May 4, 2016.
Here are the live updates from the House today:
2:05 pm: BJD members today walked out of Lok Sabha protesting Finance Minister Arun Jaitley underscoring the Centre’s commitment to the Polavaram project, which is being opposed by Odisha
12:58 pm: Both Houses adjourned. Rajya Sabha will assemble againa fter 2 pm.
12:52 pm: I will ensure that Andhra Pradesh will get its due share: Jaitley
12:50 pm: Jaitley takes a dig at Congress. "You have a problem with suits but not with gold."
12:47 pm Jaitley decrypts gold economy. Higher the custom duty, the more will be smuggling.
12:40 pm: There is a conflict between Income Tax Act and land acquisition law. Jaitley compliments the member to point out the contradiction and says it will be looked into.
12:36 pm: No taxes on agriculture, says Jaitley
12:30 pm: VDIS was ill-conceived system to unearth blackmoney. It was discriminatory to the honest tax payers: Jaitley
12:28 pm: We have sent notice to all those names appeared in the Panama leaks: Jaitley
12:26 pm: Jaitley responds to Veerappa Moily's question on lesser amount of blackmoney being unearthed.
12:24 pm: We have simplified income tax filing for professionals and small traders. This has resulted in more people filing taxes: Jaitley
12:22 pm: We also want the soiety to be pensioned society: Jaitley
12:21 pm: The government's aim is to make available more money to small taxpayers: Jaitley
12:10 pm: Hiding NPAs will not resolve the problem; they should be reflected in balance sheets and addressed through capitalisation: FM.
12:08 pm: NPA of banks an issue of concern: Jaitley while replying to debate on Finance Bill 2016
12:05 pm: Good monsoon will aid in accelerating economic growth: Finance Minister in LS.
11:30 am: Following is today’s business in the Lok Sabha and the Rajya Sabha:
Lok Sabha:
Bills for consideration and passing: The Finance Bill, 2016, The Insolvency and Bankruptcy Code, 2016, Special discussion on situation arising out of drought and drinking water crisis in many States and need to consider inter—linking of rivers and water resource management for sustainable solution to mitigate the crisis.
Rajya Sabha:
Calling attention on repeated incidents of violence against the cattle traders in various parts of the country.
Bill for consideration and passing: The Indian Trusts (Amendment) Bill, 2015, Discussion on working of Human Resources Development Ministry, Discussion on working of Finance Ministry.
11:15 am: MP Subramanian Swamy raises Ram temple issue and asks government to issue a statement on the matter. "The government should make a statement on day to day hearing on the case." Deputy Chairman PJ Kurien says it's not a point of order.
11:00 am: Rajya Sabha proceedings start. SP MP Naresh Agarwal raises the issue of relevance of Ethics committee report on Vijay Mallya in context to his resignation, which has now been accepted.
