Parliament Monsoon Session: Lok Sabha to Discuss Taxation Amendment Bill, Rajya Sabha Takes Up Appropriation Bill
During the ongoing Parliament Monsoon Session, the Lok Sabha is scheduled to take up the Taxation and Other Laws (Amendment) Bill, 2026 for discussion. Meanwhile, legislative business in the Rajya Sabha includes consideration of the Appropriation (No.3) Bill, 2026, following recent talks aimed at addressing the parliamentary logjam.
What Happened
According to the parliamentary agenda for Thursday, August 6, 2026, Union Finance Minister Nirmala Sitharaman is set to move the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha. In the Upper House, the Rajya Sabha is scheduled to consider the Appropriation (No.3) Bill, 2026, which has already received approval from the Lok Sabha.
Alongside the scheduled legislative agenda, efforts have been underway to resolve ongoing parliamentary disruptions. Parliamentary Affairs Minister Kiren Rijiju met Leader of the Opposition in the Lok Sabha Rahul Gandhi on Wednesday, August 5, 2026, to discuss avenues to end the deadlock, focusing on the proposed delimitation Bill and the Foreign Contribution (Regulation) Amendment (FCRA) Bill, 2026.
Key Highlights
- Taxation Bill in Lok Sabha: Finance Minister Nirmala Sitharaman will move the Taxation and Other Laws (Amendment) Bill, 2026, which aims to amend the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and the Finance Act, 2026.
- Appropriation Bill in Rajya Sabha: The Rajya Sabha will take up the Appropriation (No.3) Bill, 2026, authorising the appropriation of funds from the Consolidated Fund of India for excess expenditures incurred on specific services during the financial year ended March 31, 2023.
- Previous Day Proceedings: On Day 13 of the Monsoon Session, the Rajya Sabha cleared the Supreme Court Judges’ Bill, while the Lok Sabha was adjourned for the day.
- Bipartisan Discussions: Talks between Kiren Rijiju and Rahul Gandhi addressed the proposed delimitation Bill and the FCRA Bill, 2026, in an effort to resume smooth functioning of Parliament.
Why This Matters
The proposed legislative measures address statutory frameworks across finance and taxation, including regulatory updates to payment systems and income tax statutes. Additionally, the Appropriation (No.3) Bill, 2026 regularises excess expenditures from the Consolidated Fund of India for past government services.
What to Watch Next
Parliamentary proceedings will indicate whether the Lok Sabha takes up the Taxation and Other Laws (Amendment) Bill, 2026 for debate and passage, and whether the Rajya Sabha concludes consideration of the Appropriation (No.3) Bill, 2026. Developments will also show if the outreach between the government and the Opposition succeeds in easing the parliamentary logjam.
Frequently Asked Questions
What is the Taxation and Other Laws (Amendment) Bill, 2026?
It is a legislative measure moved by Finance Minister Nirmala Sitharaman that seeks to amend the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and the Finance Act, 2026.
What is the purpose of the Appropriation (No.3) Bill, 2026?
The Bill authorises the appropriation of money out of the Consolidated Fund of India to cover excess amounts spent on certain services during the financial year ended March 31, 2023.
What was discussed between Kiren Rijiju and Rahul Gandhi?
The Parliamentary Affairs Minister and the Leader of the Opposition in the Lok Sabha discussed the proposed delimitation Bill and the Foreign Contribution (Regulation) Amendment (FCRA) Bill, 2026, as part of efforts to break the parliamentary deadlock.
Source: Reporting based on updates published by The Hindu.