The Indian Parliament resumed the second part of the 2025-26 Budget Session on Monday, with both the Lok Sabha and Rajya Sabha engaging in legislative discussions. The session, marked by the presentation of state budgets and crucial policy debates, is expected to set the legislative and economic roadmap for the coming year.

Key Bills Under Consideration

The Lok Sabha is currently debating the ‘Tribhuvan’ Sahkari University Bill, 2025, and the Bills of Lading Bill, 2024, both aimed at education sector reforms and streamlining trade documentation. Meanwhile, the Rajya Sabha has successfully passed the Railways (Amendment) Bill, 2024, which focuses on modernization and restructuring of railway services.

The session also saw Finance Minister Nirmala Sitharaman present the budget for Manipur, which remains under President's Rule. The move has drawn attention, given the ongoing political uncertainty in the state.

State Budgets: Assam & Maharashtra’s Economic Plans

Apart from the central budget discussions, key state budgets were also presented:

• Assam: Finance Minister Ajanta Neog laid out a roadmap to achieve a ₹10 lakh crore economy by 2030, focusing on infrastructure, industry, and welfare programs.
• Maharashtra: Deputy Chief Minister Ajit Pawar presented a budget centered on public welfare, economic stability, and rural development, reinforcing Maharashtra’s position as an economic powerhouse.

Major Debates & Political Reactions

The session is witnessing intense debates on crucial legislative and economic issues:

1. Waqf Bill: Proposed amendments to the Waqf Act have sparked discussions on land ownership, community rights, and religious properties.
2. Delimitation: With upcoming elections, the issue of parliamentary seat redistribution is a major point of contention.
3. National Education Policy (NEP): The implementation of the revised NEP is being debated, with concerns about curriculum changes and digital education expansion.
4. US Tariffs: Recent tariff measures by the US on Indian exports have led to discussions on India’s trade policies and potential countermeasures.

Opposition's Stance & Expectations

Opposition parties have expressed hopes for a disruption-free session, urging smooth proceedings to address pressing national concerns. While some leaders accused the ruling government of pushing controversial bills without consensus, others emphasized the need for constructive debates on economic and governance issues.

What’s Next?

With key bills, economic policies, and state budget implementations on the agenda, the second part of the 2025-26 Budget Session is expected to shape India's legislative and financial landscape. As discussions unfold, stakeholders from various sectors are closely watching the government's policy directions.

Stay tuned for more updates on parliamentary proceedings, budget announcements, and policy changes.

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