Union Finance Minister Nirmala Sitharaman speaks within the Lok Sabha throughout the second a part of Budget Session of Parliament, in New Delhi, Friday. (PTI)
THE Budget will assist preserve the deal with sustained progress restoration however the Ukrainewar poses a recent set of challenges, from disruption in provide chains to rising oil costs, mentioned Union Finance Minister Nirmala Sitharaman in Rajya Sabha Tuesday.
Replying in a debate on the Appropriation and Finance Bills, Sitharaman reiterated that the Center “is conscious of the need to balance the imperatives of growth and also make sure India’s recovery post-Covid is sustained and sustainable.”
“….this Finance Bill has been offered at a time when the revival from the pandemic days remains to be an ongoing job and we’re specializing in a sustained progress restoration, with a predictable taxation regime and guaranteeing newer challenges earlier than us. At the time of the Budget presentation, I had not taken on board the Omicron(wave) and now we’re additionally dealing with the state of affairs of a full-blown struggle in Ukraine which isn’t some struggle in some nook of the world but it surely appears to be having an influence on all nations like the best way the pandemic had however this influence is disruption to very many provides,” Sitharaman mentioned.
Chartered Accountants Bill: Amendment an try to tinker with ICAI autonomy, says Opposition
Members of the Opposition events on Tuesday accused the federal government of interfering with the functioning of autonomous our bodies and taking management of unbiased establishments. The allegations had been made within the Lok Sabha throughout the debate on a Bill to amend the Chartered Accountants Act that offers the federal government higher management over the disciplinary committee of the Indian Chartered Accountants Institute (ICAI).
The Bill — to amend the Chartered Accountants Act 1949, the Cost and Work Accountant Act 1959, and the Companies Secretary Act 1980 — was launched by MoS (Corporate Affairs) Rao Inderjit Singh.
Most members objected to the proposal that the disciplinary committee of the ICAI, which has 5 members, ought to have three non-CAs and Secretary, Ministry of Corporate Affairs (MCA), because the chairman. The committee is meant to coordinate the efforts of the three professions.
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With inputs from TheIndianEXPRESS
