🏠 News Empire
india

Lok Sabha to Take Up MSME Amendment Bill on Day 15 of Monsoon Session

Published on: 07 Aug 2026, 05:25 AM
Lok Sabha to Take Up MSME Amendment Bill on Day 15 of Monsoon Session

New Delhi: The Lok Sabha is scheduled to take up the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, along with the Other Laws (Amendment) Bill, 2026, for consideration and passing on Friday, August 7, according to the Revised List of Business issued by the Lok Sabha Secretariat.

The bills were listed for the 15th day of the Monsoon Session of Parliament. Minister of Micro, Small and Medium Enterprises Jitan Ram Manjhi will move the MSME Development (Amendment) Bill, which seeks to further amend the MSME Development Act, 2006. The bill was earlier passed by the Rajya Sabha.

The second piece of legislation, the Other Laws (Amendment) Bill, 2026, is also listed for consideration and passing. The agenda for the day was released on Thursday evening, outlining the government's legislative priorities for the remainder of the session.

On Thursday, August 6, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, which was moved by Finance Minister Nirmala Sitharaman. The bill was approved by a voice vote without debate, amid protests by opposition members. The opposition has been demanding action related to police action against protestors on July 20. The bill amends the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and the Finance Act, 2026.

The passage of the Taxation bill without discussion highlights the continued friction between the government and the opposition in the ongoing Monsoon Session. Sources indicate that the opposition parties have been pressing for a discussion on the July 20 incident, which they have described as an attack on protestors. The government, however, has maintained that the police action was in accordance with the law.

The MSME Development (Amendment) Bill is expected to bring changes to the framework governing micro, small and medium enterprises in India. The original Act, passed in 2006, was designed to facilitate the promotion, development, and enhancement of competitiveness of MSMEs. The proposed amendments are aimed at updating the legal provisions to reflect current economic realities and to streamline compliance for small businesses.

The business community has been closely watching the developments, as any changes to the MSME framework could have significant implications for the sector, which is a major contributor to employment and industrial output in the country. However, the specific clauses of the amendment bill have not been made public in the revised list.

The Monsoon Session, which began in mid-July, has seen several legislative items being taken up amid disruptions. The government has listed a number of bills for consideration, and the opposition has expressed concerns over the lack of discussion on key issues. The decision to take up the MSME bill on Friday indicates that the government is keen to push through its legislative agenda.

Political observers note that the passing of the Taxation and Other Laws (Amendment) Bill without a debate is significant, as it involves amendments to tax laws and payment settlement systems. The changes to the Payment and Settlement Systems Act are expected to pave the way for modernisation of digital payments infrastructure. However, the lack of parliamentary scrutiny has drawn criticism from civil society groups.

As the session progresses, the government will need to balance its legislative priorities with the demands of the opposition for accountability and transparency. The MSME bill is a key piece of reform legislation, and its passage in the Lok Sabha will be a test of the government's ability to navigate parliamentary processes.

The Parliament will reconvene on Friday at 11 am. The proceedings are expected to be broadcast live, and the day's schedule may be revised based on the situation in the House.

Latest in India 10
US, China agree to explore AI hotline ahead of Trump-Xi summit
india

US, China agree to explore AI hotline ahead of Trump-Xi summit

US and Chinese officials met for about eight hours in New York to prepare for a Trump-Xi summit, agreeing to explore a notification mechanism for AI-related incidents. Trade teams also discussed possible tariff cuts on non-sensitive goods and continued access to rare earth magnets and critical minerals.

The Hindu 21 Sep 2026, 04:27 AM
Read More →
IIT Bombay Protests Over Student's Suicide: Director Signs 18 Demands
india

IIT Bombay Protests Over Student's Suicide: Director Signs 18 Demands

The IIT Bombay administration and protesting students are at a standoff over the death by suicide of second-year BTech student Sahil Ravindra Wakode. While the institute's director has signed 18 demands, the faculty forum has backed the invigilator who caught Wakode using a phone during an exam. The family has filed a case under the SC/ST Act alleging caste-based discrimination.

NDTV 21 Sep 2026, 04:47 AM
Read More →
Bank Strike on September 28-30: SBI Asks Customers to Finish Branch Work Early — What Stays Open
india

Bank Strike on September 28-30: SBI Asks Customers to Finish Branch Work Early — What Stays Open

SBI has advised customers to finish important branch-related work before a three-day nationwide bank strike called by the United Forum of Bank Unions from September 28 to 30, 2026. ATMs, ADWMs, Customer Service Points and digital channels such as UPI, YONO, internet and mobile banking are expected to remain available, while cheque-related and other branch-dependent services may face delays.

NDTV 21 Sep 2026, 05:18 AM
Read More →
Congress Invokes 'Kya Hua Tera Vada' to Press Centre on Food Price Rise
india

Congress Invokes 'Kya Hua Tera Vada' to Press Centre on Food Price Rise

Congress leader Jairam Ramesh cited sharp increases in the prices of spices, pulses, edible oil and onions to question Prime Minister Narendra Modi's silence on inflation, invoking a 1977 film song to ask where the promised 'achche din' had gone. The government has dismissed the Opposition's claims and pointed to GDP growth figures.

The Hindu 21 Sep 2026, 05:23 AM
Read More →
Heavy Rain Triggers Landslips in Kerala's Idukki, Two Dead, One Injured
india

Heavy Rain Triggers Landslips in Kerala's Idukki, Two Dead, One Injured

Heavy rains in Kerala's Idukki district triggered multiple landslips on Sunday, killing two people and injuring one. A landslip at Kottakkamboor near Vattavada destroyed a makeshift shed, while another at Pazhampillichal damaged several homes. The district collector has banned adventure tourism and night travel in hilly areas as a precaution.

The Hindu 21 Sep 2026, 05:29 AM
Read More →
Seven Judicial Officers Sworn In as Delhi High Court Judges; Working Strength Rises to 50
india

Seven Judicial Officers Sworn In as Delhi High Court Judges; Working Strength Rises to 50

Seven judicial officers from the Delhi district judiciary took oath as additional judges of the Delhi High Court on September 21, 2026, with Chief Justice D.K. Upadhyaya administering the oath. The appointments, notified by the Central government on September 19 after a Supreme Court collegium recommendation, raise the court's working strength to 50 against a sanctioned strength of 60.

The Hindu 21 Sep 2026, 05:36 AM
Read More →
Kerala flash flood: Five bodies recovered from Kottappuzha; search on for missing woman
india

Kerala flash flood: Five bodies recovered from Kottappuzha; search on for missing woman

Five bodies have been recovered from the Kottappuzha river at T.K. Colony near Pookkottumpadam in Nilambur, Malappuram district, after a flash flood swept away visitors on Sunday evening; the search continues for Sajitha, a local resident still missing. Officials say rain in the forested catchment upstream caused the sudden surge, which caught people standing on rocks in the riverbed. Local residents have renewed calls to regulate access to the spot.

The Hindu 21 Sep 2026, 05:38 AM
Read More →
Manipur: Kangpokpi protests end after security forces release six detained villagers
india

Manipur: Kangpokpi protests end after security forces release six detained villagers

Protests broke out in Manipur's Kangpokpi district after security forces detained six residents of Kholen village, with demonstrators burning tyres, pelting stones and digging up a stretch of National Highway-2. Security forces fired tear gas and a few protesters were injured. Officials said the detained villagers were later released and the situation is now under control.

The Hindu 20 Sep 2026, 04:12 AM
Read More →
→ View All India News