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Business Standard
17 minutes ago
- Business Standard
Govt to table 8 new Bills in monsoon session of Parliament starting July 21
For the monsoon session of Parliament, which begins on July 21, the government has listed eight new Bills, including the Jan Vishwas (Amendment of Provisions), Taxation Laws (Amendment), and Minerals (Development and Regulation) Amendment Bills. The session is also set to see the Opposition INDIA bloc parties demand that the government brief Parliament on Operation Sindoor and India's foreign policy, especially with China. They may also seek information on the proposed India-US Bilateral Trade Agreement and US President Donald Trump's repeated claims that he used trade as a bargaining chip to persuade India and Pakistan to end their military conflict. On Tuesday, Congress president Mallikarjun Kharge, who is also leader of the Opposition in the Rajya Sabha, met Rajya Sabha Chairman Jagdeep Dhankhar. 'The Opposition wants a productive Rajya Sabha session from July 21. For that to happen, a number of strategic, political, foreign policy and socio-economic issues that are of great public concern need to be debated and discussed," Kharge said in a post on X after the meeting. The government's 'tentative' list of business for the monsoon session, released by the Lok Sabha and Rajya Sabha secretariats late Monday evening, does not mention a Bill to amend the Insolvency and Bankruptcy Code (IBC) of 2016. The Parliamentary Standing Committee on Finance is currently studying the IBC to recommend to the government ways to make it more robust. In its three meetings on the subject, 'review of working IBC and emerging issues', the panel has tried to understand the perspectives of banks. At its meeting slated for July 29, it will meet representatives of the Reserve Bank of India (RBI). The government is also set to introduce the Geoheritage Sites and Geo-relics (Preservation and Maintenance), National Sports Governance Bill, and National Anti- Doping (Amendment) Bills. According to the government's list of business, the Mines and Minerals Bill will seek to provide for viable recovery of associated critical minerals, inclusion of contiguous area in a lease for optimal and scientific mining of deep-seated minerals and widening the scope of National Mineral Exploration Trust. The Jan Vishwas Bill seeks to foster ease of doing business and to promote ease of living. The Indian Institutes of Management (Amendment) Bill seeks to include IIM Guwahati in the Schedule of the Act. The Geoheritage Sites and Geo-relics (Preservation and Maintenance) Bill seeks to provide for the declaration, preservation, protection and maintenance of geoheritage sites and geo-relics of national importance for geological studies. The National Sports Governance Bill aims to establish institutional capacity and standards for the governance of sports federations. It would also help establish measures for the resolution of sports grievances and sports disputes. In addition to these Bills, Parliament will also consider some of the pending Bills, including the Income-tax Bill, which was referred to a select committee during the Budget session for further scrutiny. The government will also seek Parliament approval for having extended the President's Rule in Manipur.


News18
36 minutes ago
- News18
Italian PM Urges EU To Avoid Trade War With US 'At All Costs' Amid Trump Tariff Talk
Last Updated: Her remarks came in response to Trump's announcement that goods imported into US from EU and Mexico would face 30% tariffs from Aug 1 Italian Prime Minister Giorgia Meloni on Tuesday said European nations must do everything possible to avoid a trade war with the United States 'at all cost" ahead of looming US tariffs. Speaking at a joint press briefing with Austrian Chancellor Christian Stocker in Rome, Meloni said she and Nehammer had discussed ongoing trade talks between the European Union and the US. 'We agree that we must, at all costs, avoid a trade war between the two sides of the Atlantic," Italian PM said. Italian Prime Minister Giorgia Meloni calls for a trade deal between the EU and the US before August to prevent a transatlantic 'trade war." #Meloni #US — Al Arabiya English (@AlArabiya_Eng) July 15, 2025 Meloni further stated that Italy and Austria would stay in close contact with the European Commission and continue working towards a 'mutually beneficial" agreement that should ideally be finalised before 1 August. 'We will continue together and in constant contact with the Commission, to work towards an agreement that can be mutually beneficial and must be concluded before next August 1," she added. A day earlier, Meloni had issued a statement warning that a trade conflict between Western allies would only weaken them in the face of shared global challenges. She said Europe had the economic and financial strength to assert its position and secure a fair deal. 'Italy will do its part, as always," she added. Her remarks came in response to US President Donald Trump's announcement on Saturday that goods imported into the US from the EU and Mexico would face 30% tariffs from 1 August. The move has sparked concern across European capitals and fuelled calls for a coordinated EU response. Meloni has come under fire at home from opposition parties. Giuseppe Conte, leader of the Five Star Movement and a former prime minister, accused her of 'bowing her head" to pressure from the US. Critics say her government is not doing enough to defend Italy's interests as trade tensions escalate. In Brussels today, EU trade ministers met to discuss the issue and described Trump's tariff plan as 'absolutely unacceptable". The bloc is now considering countermeasures, though officials say they remain hopeful of reaching an agreement with Washington. (With inputs from agencies) view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
36 minutes ago
- News18
Trump Warning To Russia: Strike Ceasefire Deal With Ukraine Or Face ‘Too Bad' Tariffs
Donald Trump warned Russia of severe economic penalties if a ceasefire with Ukraine isn't reached in 50 days. US President Donald Trump doubled down on his warning to Russia, reiterating that crippling economic penalties will take effect if Moscow fails to reach a ceasefire deal with Ukraine within 50 days. Donald Trump said, 'At the end of 50 days, if we don't have a deal, it's going to be too bad… the tariffs are going to go on and other sanctions go on"- marking one of the US President's strongest public ultimatums toward Russia to date. REPORTER: You've given Russia 50 days. What happens now? @POTUS: 'At the end of 50 days, if we don't have a deal, it's going to be too bad… the tariffs are going to go on and other sanctions go on." — Rapid Response 47 (@RapidResponse47) July 15, 2025 The warning comes amid growing frustration in the White House over Russian President Vladimir Putin's refusal to negotiate and follows Donald Trump's announcement of 'very severe tariffs"- potentially up to 100%- on Russian exports and secondary sanctions on countries that continue to trade with Moscow. Donald Trump has insisted the economic pain is intended to force the Kremlin to the negotiating table, calling the tariffs a necessary pressure point to end the war, now in its fourth year. The US President also urged Ukrainian President Volodymyr Zelenskyy not to carry out strikes on Moscow as reports emerged that he had previously floated the idea himself in private. According to the Financial Times, during a July 4 phone call, Donald Trump asked Zelenskyy whether Ukraine could strike Moscow and St. Petersburg if the US provided long-range weapons such as ATACMS missiles. Zelenskyy reportedly responded, 'Absolutely. We can if you give us the weapons." Following the report, Donald Trump said that Ukraine 'should not target Moscow" while he slammed Russian President Vladimir Putin for refusing to end the war. view comments First Published: July 15, 2025, 23:23 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.