Skip to main content

The Sugar Cess (Amendment) Bill, 2015

President Pranab Mukherjee has given assent to the Sugar Cess (Amendment) Bill, 2015, raising the ceiling of the impost from Rs 25 to Rs 200 per quintal.

Impact of hike:

  • The hike in sugar cess would lead to increase in the accruals to the Sugar Development Fund, which facilitates rehabilitation and modernisation of sugar mills, thereby helping cane growers.

  • It will help sugarcane growers and cash-starved mills.

Bill envisages:

  • The Bill proposes to amend the Sugar Cess Act, 1982.  

  • The principal Act provides for the imposition of a cess as an excise duty on the production of sugar. 

  • The rate of sugar cess is notified by the central government from time to time. 

  • The principal Act specifies the ceiling on the cess at Rs 25 per quintal under the Act.  The Bill proposes to increase this ceiling to Rs 200 per quintal of sugar.  

  • The cess has been proposed to be increased in order to meet the government’s expenditure on interventions to ensure payment of dues to sugarcane farmers. 

The bill was declared a money bill, became a law after the President’s nod as it was not returned by the Upper House to the Lok Sabha within 14 days of its consideration there, as required under the rules.

What is money bill ?

Money Bill refers to a bill  introduced in the Lok Sabha  which generally covers the issue of receipt and spending of money,such as tax laws, laws governing borrowing and expenditure of the Government, prevention of black money etc.

Eg. of Money bills are Finance Bills and Appropriation Bills, Income Tax Act, 1961, The Undisclosed Foreign Income And Assets (Imposition Of Tax) Bill, 2015 etc .

  • The definition of “Money Bill” is given in the Article 110 of the Constitution of India. A financial bill is not a Money Bill unless it fulfills the requirements of the Article 110.

  • A money bill can only be introduced in parliament with prior permission by the President of India.

  • Money Bills can be introduced only in Lok Sabha .

  • Money bills passed by the Lok Sabha are sent to the Rajya Sabha .

  • The Rajya Sabha may not amend money bills but can recommend amendments.

  • The Lok Sabha Speaker certifies the bill as a money bill before sending it to the upper house, and the decision of the Speaker is binding on both the Houses.

  •  A money bill must be returned to the Lok Sabha within 14 days or the bill is deemed to have passed both houses in the form it was originally passed by the Lok Sabha.

  • When a Money Bill is returned to the Lok Sabha with the recommended amendments of the Rajya Sabha it is open to Lok Sabha to accept or reject any or all of the recommendations.

  • A money bill is deemed to have passed both houses with any recommended amendments the Lok Sabha chooses to accept, (and without any that it chooses to decline).

  • Money bill cannot be returned by the President to the parliament for its reconsideration, as it is presented in the Lok Sabha with his permisssion.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

India Tech Vision-2035

India Tech Vision-2035 India's technology thinktank under the ministry of science & technology has come out with `Technology Vision 2035' here at the ongoing Indian Science Congress, identifying the challenges ahead and how they can be dealt with through technological interventions while realising the dream of a developed India by the year 2035. The thinktank -Technology Information, Forecasting and Assessment Council (TIFAC) -in the vision document lists a technology roadmap for India, giving details of 12 sectors and technologies that in some cases exist but need to be deployed, some in the pilot stage that must be scaled up and technologies in R&D stage. It, in fact, talks about many future technologies, ranging from flying cars, real time translation software, personalised medicine, wearable devices, e-sensing (e-nose and e-tongue) to 100% recyclable materials among others which may be used in different areas to solve day-to-day problems “The trajectories del...
Post a Comment
Read more

Points to Remember for World Geography-AFRICA

Sirocco is a type of hot wind blowing from Sahara  to Mediterranean. Swahili is the oldest surviving African language. The country Zaire has the maximum Hydro- electric  Power  potential  in Africa. The country Djibouti is facing the Strait of Bab-el-Mandeb. Dar-es-Salam is the easternmost terminus of Tanjara railways which begins from Katanga  mineral  belt. Ostrich is the flightless bird of Kalahari Desert. Ethiopia is the place of origin of coffee. Pretoria is the administrative capital of S. Africa. Nilots are the aborigines of upper    Nile. River Zaire is the only river that crosses the equator  twice. Nubian  desert  lies  in Egypt. The countries Ethiopia and Somalia form  the  Horn  of Africa. High Veld is the temperate grassland of South  Africa. Africa is the most tropical of all   continents. Most part of Kalahari Desert lies in Botswana. The Farmers of the Egypt ar...
Post a Comment
Read more

India at 90th rank in terms of energy security, access: World Economic Forum

India  has been ranked at the  90th place in a list of 126 countries compiled by World Economic Forum (WEF) on the basis of their ability to deliver secure, affordable  and sustainable energy, which was topped by Switzerland . The latest  Global Energy Architecture Performance Index  Report, explored the energy architecture of 126 countries based on their ability to provide energy access across three dimensions of the "energy triangle" - affordability, environmental sustainability, security and access. The list was topped by Switzerland followed by Norway and Sweden in the second and third place, respectively. Others in the top 10 include France (4th), Denmark (5th), Austria (6th), Spain (7th), Colombia (8th), New Zealand (9th) and Uruguay (10th). Among the BRIC nations, Brazil was the top performer as it was ranked at the 25th place, followed by Russia (52nd), India (90th), China (94)y. Regarding India, the report noted that it is "facing a vast array o...
Post a Comment
Read more