Parliament Budget Session: Govt Focuses on West Asia Impact; Corporate Laws Amendment Bill Sent to JPC
By | Kalyani Mandle
New Delhi: The second phase of Parliament’s Budget Session resumed on Monday with major legislative and policy discussions taking centre stage. Prime Minister Narendra Modi informed the Lok Sabha that the Union government is closely monitoring the situation in West Asia and is working on plans to reduce its possible economic and strategic impact on India.
In a key development, Union Finance Minister Nirmala Sitharaman tabled the Corporate Laws (Amendment) Bill, 2026 in the Lok Sabha. The House agreed to refer the proposed legislation to a Joint Parliamentary Committee (JPC) for detailed examination. The bill proposes changes to existing laws governing corporate entities, including the Limited Liability Partnership framework and company regulations.
The Finance Minister is also expected to take up the Finance Bill, 2026, which outlines the Centre’s fiscal roadmap and key financial proposals for the upcoming 2026–27 financial year.
The session resumed at 11 a.m. after a short break due to Ugadi and Eid holidays. To make up for the lost days, Parliament will also convene on March 28 and 29.
During the proceedings, several Union Ministers—such as Gajendra Singh Shekhawat, Jayant Chaudhary, Shobha Karandlaje, Kirit Vardhan Singh, Sukanta Majumdar, and Harsh Malhotra—are scheduled to present official documents in the House.
Additionally, Minister of State for Corporate Affairs Harsh Malhotra will brief Parliament on the government’s response to earlier recommendations related to budgetary demands for 2024–25.
Overall, the current phase of the Budget Session reflects the government’s priority on handling global uncertainties while pushing forward key economic and corporate sector reforms.
