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Business News › News › India › RS chairman asks MPs to ensure smooth functioning of House, says disruptions disturbing

RS chairman asks MPs to ensure smooth

functioning of House, says disruptions disturbing
Synopsis
"The only way of doing so is to conduct themselves (the 5,000) in a manner befitting the
trust the citizens still have in our parliamentary democracy," Naidu said soon after the
listed papers were listed. He described the disruptions in the House during the last two
sessions as highly disturbing.

Rajya Sabha Chairman M Venkaiah

PTI

Naidu on Wednesday asked MPs to

ensure smooth functioning of the
House during the ongoing Budget
session and said they should conduct
themselves in a manner befitting the
trust citizens still have in India's Most Popular Stories
parliamentary democracy. The 1. Budget 2022: Income tax
slabs for FY 2022-23 in India
country's 5,000 MPs, MLAs and MLCs
Budget 2022:
Highlights should resolve in this historic year to
return to the people the favour they
have doing by relentlessly nurturing 2. Budget 2022: Full list of
winners and losers from
democracy over the last 70 years, Naidu said.

Nirmala Sitharaman's plan

"The only way of doing so is to conduct themselves (the 5,000) in a manner

3. TCS buyback: Retail investors
befitting the trust the citizens still have in our parliamentary democracy," can buy now and tender for a
quick 10-20% gain
Naidu said soon after the listed papers were listed.

He described the disruptions in the House during the last two sessions as 4. Budget 2022 hikes tax
exemption on employer’s
highly disturbing.

NPS contribution for state

govt staff to 14% from 10%

"I refer to the same with fervent hope that we all reflect on the same and
conduct in a manner befitting the historic time that we are passing through."

The chairman pointed out that Rajya Sabha had lost 52.10 per cent of the
valuable sitting time due to disruptions and forced adjournments in the last
winter session. During the preceding monsoon session last year, the loss of
functional time of the House was as high as 70.40 per cent.

The Budget Session started on January 31. On the first two days, the House
functioned briefly and proceedings were adjourned after laying of Economic TOP TRENDING NEWS

Survey and Union Budget.

Budget 2022 News LIVE

Covid Vaccine News Live Defence Budget 2022

The House is now scheduled to take up Motion of Thanks on the President's Stock Market LIVE Updates

Address, and discussion on the Budget.

Earlier in the day, the House observed silence as mark of respect on the deaths Popular in News
of Archbishop Emeritus Desmond Mpilo Tutu of South Africa in December, 1. Union Budget 2022
highlights: Boost for various
and David Sassoli, serving president of the European Parliament, earlier this sectors, but middle class
taxpayers left in lurch again
month.

Nobel Peace Prize winner Tutu passed away on December 26 at the age of 90. 2. 25 key takeaways from
Nirmala Sitharaman's fourth
Budget
He was awarded the Gandhi Peace Prize in 2005 in recognition of his
invaluable contribution towards social and political transformation in South
Africa and thereby contributing to the World Peace.

3. Govt proposes to tweak TDS

norms on sale of immovable

property
Sassoli died on January 11.

"The House joins the bereaved families, the Government and people of South 4. Income tax on
cryptocurrency introduced:
Africa and the European Parliament in mourning the passing away of Investors may see a sell off in
the coming weeks
Archbishop Emeritus Desmond Mpilo Tutu and His Excellency Mr. David
Sassoli and conveys its heartlfelt condolences to them," the Chairman said.

5. View: No change is good

news for our personal

budgets
The House also observed silence as a mark of respect to the memory of those
who lost their lives in the December floods in Malaysia, and the underwater
volcanic eruption near the Tongan capital of Nuku'alofa in January.

Most Popular Opinion

Naidu also urged the members to follow social distancing norms related to
the Covid pandemic. 1. Budget FY23 to change scale of India's
economy
By Amit Shah
READ MORE NEWS ON

Rajya Sabha Chairman Venkaiah Naidu Budget Session Rajya Sabha India Budget 2022 RS 2. Welcome to Modi’s state capitalism 2.0
By Sanjaya Baru
Parliament Nirmala Sitharaman

(Catch all the Business News, Breaking News Events and Latest News Upd...more 3. What about the strategy to nurture a
recovery?
By Abheek Baruah

ETPrime stories of the day

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1. Live: China will act and govt will be

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2. Live: Yogi's 'pair of boys' dig at Akhilesh,

Jayant
ENERGY SECURITY INVESTING DEALS

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declined over a decade. traders ride the bull ‘Kunal vs. Kunal’: A legal 3. How Russia has surrounded & sieged
Ukraine
Here’s what’s behind the market like pros. Are they dispute remains from
Maharatna’s poor missing the bear in sight? Snapdeal-Freecharge deal
performance.
7 mins read 10 mins read 6 mins read

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Digital currency explained: India catches up with

global fad
Synopsis
CBDC is a digital or virtual currency but it is not comparable to the private virtual
currencies or cryptocurrency that have mushroomed over the last decade. Private
virtual currencies do not represent any person's debt or liabilities as there is no issuer.
They are not money and certainly not currency.

Crypto or digital currencies are the

latest fad across the world and India
will next fiscal, beginning April 1, have
its own version of the same which
essentially would mirror the prevalent
physical currency in digital form. The
currency, called 'digital rupee', will be Most Popular Stories
issued by the Reserve Bank in digital 1. Budget 2022: Income tax
Budget 2022: Proposed to introduce Digital
slabs for FY 2022-23 in India
Rupee by RBI using blockchain technology in FY
22-23, says FM
form and will be fungible with physical
currency.
Budget 2022:

Highlights
The exact regulation governing this 2. Budget 2022: Full list of
winners and losers from
Central Bank Digital Currency (CBDC) Nirmala Sitharaman's plan

is yet to be finalised.

3. Rakesh Jhunjhunwala says

CBDC is a digital or virtual currency but it is not comparable to the private cryptos will collapse one day;
Nifty unlikely to fall below
virtual currencies or cryptocurrency that have mushroomed over the last 15K
decade. Private virtual currencies do not represent any person's debt or
liabilities as there is no issuer. They are not money and certainly not currency.

The RBI has been vehemently opposing private cryptocurrencies as they could
have implications on national security and financial stability.

According to a recent speech by RBI Deputy Governor T Rabi Sankar: "CBDC is

the same as currency issued by a central bank but takes a different form than
paper (or polymer). It is sovereign currency in an electronic form and it would
appear as liability (currency in circulation) on a central bank's balance sheet.
TOP TRENDING NEWS
The underlying technology, form and use of a CBDC can be moulded for
specific requirements. CBDCs should be exchangeable at par with cash." Gati Shakti Make In India

Budget 2022 News LIVE Rajnath Singh Live

In her Budget speech, Finance Minister Nirmala Sitharaman said that

introduction of CBDC will give a big boost to digital economy.

Popular in News
"Digital currency will also lead to a more efficient and cheaper currency
1. Union Budget 2022
management system. It is, therefore, proposed to introduce digital rupee, highlights: Boost for various
sectors, but middle class
using blockchain and other technologies, to be issued by the Reserve Bank of taxpayers left in lurch again
India starting 2022-23," she said.

2. 25 key takeaways from

Nirmala Sitharaman's fourth
A blockchain is basically a digital ledger that records transactions that can be Budget
tracked Sankar, giving reasons for CBDC, had said that while such a currency
has become "near universal now", very few countries have reached even the
pilot stage of launching their CBDCs.
3. Govt proposes to tweak TDS
norms on sale of immovable
property

According to a survey, central banks, faced with dwindling usage of paper

currency, seek to popularise a more acceptable electronic form of currency 4. View: No change is good
news for our personal
(like Sweden). Also jurisdictions with significant physical cash usage seek to budgets
make issuance more efficient (like Denmark, Germany, or Japan or even the
US).

5. Income tax on
cryptocurrency introduced:
According to Sankar, central banks need to come out with digital currencies Investors may see a sell off in
the coming weeks
to meet the need of public and prevent ny damages arising from use of private
virtual currencies.

Now playing: ET Markets Cryptologue: Biconomy's Aditya Khanduri on why Most Popular Opinion
Web3 will be built on a multi-chain infrastructure

1. Budget FY23 to change scale of India's

economy
By Amit Shah

( Originally published on Feb 01, 2022 )

2. Welcome to Modi’s state capitalism 2.0
In Video: Budget 2022: Proposed to introduce Digital Rupee by By Sanjaya Baru

RBI using blockchain technology in FY 22-23, says FM

3. What about the strategy to nurture a
READ MORE NEWS ON recovery?
By Abheek Baruah
Digital Currency Central Bank Digital CBDC Crypto Currency Fad Budget

Budget 2022

Latest News
(Catch all the Business News, Breaking News Events and Latest News Upd...more
1. Live: China will act and govt will be
responsible, says Rahul Gandhi in
Parliament
ETPrime stories of the day
2. Live: Yogi's 'pair of boys' dig at Akhilesh,
Jayant

3. How Russia has surrounded & sieged

Ukraine

INVESTING DEALS ENERGY SECURITY

Young and earning: Teen
traders ride the bull
market like pros. Are they
missing the bear in sight?
10 mins read
‘Kunal calling Kunal’ to ONGC’s production has
‘Kunal vs. Kunal’: A legal declined over a decade.
dispute remains from Here’s what’s behind the
Snapdeal-Freecharge deal Maharatna’s poor
performance.
6 mins read 7 mins read

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