Both Houses were adjourned for the day following the death
of Former Lok Sabha Speaker, PA Sangma.
Week Wrap: Highlights
Two bills were passed by Rajya Sabha during the week. These
were the Carriage by Air (Amendment) Bill and the High Court and the Supreme Court
Judges (Salaries and Conditions of Service) Amendment Bill.
The discussion on the Motion of Thanks to the President’s
address concluded in Lok Sabha. The Prime Minister replied to the debate. The discussion was more than 12 hours long and
127 members participated in the debate.
Discussion on the Motion of Thanks in Rajya Sabha continued through
the week.
Discussion on the Railway budget began in the Lower
House.
The Aadhaar (Targeted Delivery
of Financial and Other Subsidies, Benefits and Services) Bill, 2016 was
introduced by the Finance Minister yesterday. Earlier in the week, the
Constitution (Scheduled Castes) Order (Amendment) Bill was also introduced.
The last ten days in legislatures saw the presentation
of budgets and finances. The Railway and Union budget was presented in Parliament.
Several states have also presented their budgets. Our analysis on these can be found below.
Detailed overview of Railway Finances: An overview of
Railways’ finances, and the changes from the 2015-16 Budget to the 2016-17
Budget estimates.
Vital Stats: Some trends regarding the central government’s
sources of financing including tax revenue, disinvestments, and its revenue and
capital expenditure, including subsidies. We also look at estimates presented
in the 2016-17 Union Budget.
The Budget analyses of
the states’ outlines major budget and policy highlights along with a background
of the respective state economies.
Bihar Budget: The Finance Minister of Bihar, Mr. Abdul Bari
Siddiqui, presented the Budget for Bihar for the financial year 2016- 17 on
February 26, 2016.
Madhya Pradesh Budget: The Madhya Pradesh Finance Minister,
Mr. Jayant Mallayya, presented the Budget for Madhya Pradesh for the financial
year 2016-17 on February 26, 2016.