New Delhi: Following the presentation of the Economic Survey on January 31 and the Union Budget on February 1, the Budget Session 2025 is poised to address a range of significant legislative matters.

This year’s session will not only include the introduction and passage of key bills but also crucial financial discussions that will shape India’s fiscal landscape.

Series Of Important Bills Likely To Be Taken Up

A series of important bills are likely to be taken up during the session. These include the Banking Laws (Amendment) Bill, 2024, aimed at strengthening banking regulations and oversight, and the Railways (Amendment) Bill, 2024, which focuses on enhancing the operational efficiency of the Indian Railways.

Another notable proposal is the Disaster Management (Amendment) Bill, 2024, which seeks to improve disaster response mechanisms across the country.

Additionally, the Oilfields (Regulation and Development) Amendment Bill, 2024 will propose updates to the laws surrounding oil exploration and extraction, while the Boilers Bill, 2024 is set to introduce new safety and operational standards for boilers in industrial applications.

Among other bills likely to be introduced is the Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024, which will address the reallocation of assembly constituencies to better represent scheduled tribes in the state.

The Waqf (Amendment) Bill, 2024 and the Mussalman Waqf (Repeal) Bill, 2024 are also expected to bring reforms to the management of religious endowments.

Maritime Laws To See Several Updates

Maritime laws will see several updates, with the Bills of Lading Bill, 2024, Carriage of Goods by Sea Bill, 2024, Coastal Shipping Bill, 2024, and the Merchant Shipping Bill, 2024 all set to modernize shipping regulations.

Above all, the Finance Bill, 2025 will be central to implementing the budgetary proposals and tax reforms which will be announced by the finance minister on February 1.

Other key bills include the Protection of Interests in Aircraft Objects Bill, 2025, which will safeguard financial interests related to aviation, and the Immigration and Foreigners Bill, 2025, which will bring changes to immigration and foreigner regulations in India.

In terms of financial business, the session will see the discussion and voting on Demands for Grants for 2025-26, followed by the introduction, consideration, and passage of the related Appropriation Bill.

The Discussion and Voting on Demands for Grants for 2025-26 is an essential aspect of parliamentary procedures, allowing for the approval of government spending for the upcoming fiscal year while promoting accountability and transparency.

Demands for Grants are essentially requests made by the government to Parliament, specifying the amount of money it needs to meet its expenses for a given year.

These expenses cover a wide range of areas, such as infrastructure, healthcare, defence, education, welfare programs, and more. Each ministry or department submits its own Demands for Grants, detailing the specific amounts needed to fund its activities and programs.

Additionally, the Second and Final Batch of Supplementary Demands for Grants for 2024-25 will be reviewed, along with the introduction and passage of the relevant Appropriation Bill.

What Are 2nd & Final Batch Of Supplementary Demands For Grants For 2024-25

The Second and Final Batch of Supplementary Demands for Grants for 2024-25 refers to additional funds that the government seeks to allocate after the presentation of the annual budget for the fiscal year. These supplementary demands arise when there are changes in the government’s spending needs, which were not anticipated during the initial budget preparation.

The session will also address the Demands for Excess Grants for 2021-22, which will require discussion, voting, and the introduction of a related Appropriation Bill.

Demands for Excess Grants for 2021-22 refer to additional funds that the government seeks to appropriate for the financial year 2021-22 when the expenditure incurred by various ministries or departments exceeded the amount originally approved by Parliament in the budget for that fiscal year.

New Delhi, Jan 29: Air India on Wednesday announced that it will restart its non-stop flights between Delhi and Tel Aviv, with the first flight scheduled to take off on March 2.

Resuming flights is part of the airline’s efforts to expand its international routes and improve travel options between India and Israel, it said in a statement.

The airline will operate five flights a week on this route, using its Boeing 787-8 Dreamliner aircraft.

These planes offer 18 flat-bed seats in Business Class and 238 spacious seats in Economy Class. The direct service is expected to make travel between Delhi and Tel Aviv more convenient.

According to Air India, flight AI139 will depart from Delhi on Monday, Tuesday, Wednesday, Thursday, and Sunday at 3.55 p.m. (IST) and arrive in Tel Aviv at 7.25 p.m. (local time).

The return flight, AI140, will leave Tel Aviv at 9.10 p.m. and land in Delhi at 6:10 a.m. the following morning.

“Bookings for the Delhi-Tel Aviv flights are now open. Passengers can reserve their seats through Air India’s website, mobile app, or travel agents,” said the national carrier.

Air India’s decision to resume this route came after receiving the necessary approvals. The airline aims to strengthen its global network, particularly in the Middle East and Europe.

The national carrier had halted flight operations to and from Tel Aviv last year amid growing tensions in parts of the Middle East, saying they were continuously monitoring the situation.

The revival of this service is expected to boost travel between India and Israel, further enhancing diplomatic and business ties between the two nations.

Meanwhile, the Tata group-owned airline announced earlier this month that the company will offer inflight Wi-Fi Internet connectivity services on domestic flights.

New Delhi, Jan 29: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the launch of the National Critical Mineral Mission with an outlay of Rs 16,300 crore and expected investment of Rs 18,000 crore by public sector undertakings (PSUs).

Briefing the media after the Cabinet meeting, Union Minister for Information and Broadcasting Ashwini Vaishnaw said that the mission aims to reduce the dependence on the import of critical minerals and ensure self-reliance.

The National Critical Mineral Mission, approved by the Union Cabinet, will encompass all stages of the value chain, including mineral exploration, mining, beneficiation, processing, and recovery from end-of-life products.

The mission will intensify the exploration of critical minerals within the country and in its offshore areas. It aims to create a fast-track regulatory approval process for critical mineral mining projects, according to an official statement.

Additionally, the mission will offer financial incentives for critical mineral exploration and promote the recovery of these minerals from overburden and tailings.

As part of the Atmanirbhar Bharat initiative, and recognising the indispensable role of critical minerals in high-tech industries, clean energy, and defence, the Indian government has undertaken several initiatives over the past two years to address challenges in the critical minerals sector.

Finance Minister Nirmala Sitharaman announced the setting up of the Critical Mineral Mission in the Union Budget for 2024-25 on July 23, 2024, to establish an effective framework for India’s self-reliance in the critical mineral sector.

The mission aims to encourage Indian PSUs and private sector companies to acquire critical mineral assets abroad and enhance trade with resource-rich countries. It also proposes the development of a stockpile of critical minerals within the country.

The mission includes provisions for setting up mineral processing parks and supporting the recycling of critical minerals.

It will also promote research in critical mineral technologies and proposes setting up a Centre of Excellence on critical minerals.

Adopting a whole-of-government approach, the Mission will work closely with relevant Ministries, PSUs, private companies, and research institutions to achieve its objectives.

Mines and Minerals (Development and Regulation) Act, 1957, has been amended in 2023 to increase the exploration and mining of critical minerals.

Consequently, the Ministry of Mines has auctioned 24 blocks of strategic minerals.

The Geological Survey of India (GSI) has undertaken 368 exploration projects for critical minerals over the past three years, with 195 projects currently underway in FS 2024-25.

For FY 2025-26, GSI is going to take up 227 projects for various critical minerals.

To foster innovation, the Ministry launched the Science and Technology — Promotion of Research and Innovation in Start-ups and MSMEs (S&T PRISM) program in 2023, funding start-ups and MSMEs to bridge the gap between R&D and commercialisation.

Moreover, KABIL, a Joint Venture of the Ministry of Mines, has acquired an area of about 15,703 hectares in the Catamarca province of Argentina, for exploration and mining of Lithium.

The Indian government has already eliminated customs duties on the majority of critical minerals in the Union budget 2024-25. This will increase the availability of critical minerals in the country and will encourage the industry to set up processing facilities in India. These initiatives highlight India’s commitment to securing critical mineral supplies, the statement added.