Lok Sabha Advances Finance and Boilers Bills, Extends 'One Nation, One Election' JPC Tenure

The Lok Sabha passed the Finance Bill 2025 and extended the tenure of the Joint Parliamentary Committee on 'One Nation, One Election.' The Bills aim to support economic growth and streamline regulations. The Boilers Bill 2024 emphasizes Ease of Doing Business while addressing safety concerns.

In a significant legislative move, the Lok Sabha passed the Finance Bill 2025 and extended the Joint Parliamentary Committee's tenure on 'One Nation, One Election' until the end of the Monsoon Session, 2025. This session has been noted for its intent to align with India's development aspirations by 2047.

Finance Minister Nirmala Sitharaman highlighted key aspects of the Finance Bill, focusing on tax certainty, ease of doing business, and tax relief. She addressed opposition concerns, particularly around the Goods and Services Tax (GST), which has faced criticism for being riddled with issues.

Further, the Boilers Bill 2024 was passed, enhancing regulatory safety for operational boilers, particularly benefitting MSMEs. Commerce Minister Piyush Goyal stressed the amendments' focus on safety and decriminalization, aiming to boost commercial efficiency and boiler safety standards.

(With inputs from agencies.)