Parliament Budget Session 2025 Live: Lok Sabha, Rajya Sabha to meet on February 13

Parliament Budget Session 2025 Live Updates: The Budget Session of Parliament is set to resume on Tuesday, with both the Lok Sabha and Rajya Sabha reconvening. Lawmakers will continue discussions on the Union Budget for 2025, along with other pressing matters.A key agenda for the session is the introduction of the new Income Tax Bill, which received approval from the Union Cabinet on Friday.The proposed legislation aims to simplify India's direct tax laws by eliminating complex provisions and redundant clauses without introducing new taxes. By streamlining the existing framework, the Bill seeks to make tax regulations more accessible and easier to understand. It is expected to be tabled in the Lok Sabha today.During the Union Budget 2025-26 presentation on February 1, finance minister Nirmala Sitharaman outlined the government's plan to introduce a new Direct Tax Code. This follows her earlier announcement in the July 2024 Budget, where she called for a comprehensive review of the Income Tax Act, 1961.As discussions on the budget gain momentum and key issues like tax reforms and foreign policy come into focus, today’s session is expected to be eventful, with lawmakers addressing critical national concerns.