Parliament Winter session Day 2 LIVE updates: FM Sitharaman to move Central Excise (Amendment) Bill, 2025 for passing
GS2Polity · Governance · IR· Parliament & state legislatures· Prelims·
Why in news
Union Finance Minister Nirmala Sitharaman introduced the Central Excise (Amendment) Bill, 2025, in the Lok Sabha to repurpose levies on 'sin goods' like tobacco and pan masala.
Background
The Central Excise (Amendment) Bill, 2025, was introduced during the Winter session of Parliament. The bill specifically targets the repurposing of levies on tobacco and pan masala. C.P. Radhakrishnan presided over the Rajya Sabha as the newly elected Vice-President.
Facts for Prelims
- Act / BillCentral Excise (Amendment) Bill, 2025: Proposed legislation to repurpose levies on 'sin goods' like tobacco and pan masala
- PostC.P. Radhakrishnan: Presiding officer of the Rajya Sabha as the newly elected Vice-President
- FactThe bill was introduced in the Lok Sabha during the Winter session of Parliament
For Mains
Q. Discuss the fiscal implications and socio-economic rationale behind the government's strategy of repurposing levies on 'sin goods' in India.
Dimensions to cover in your answer
- Fiscal strategy: Balancing revenue generation from 'sin goods' with public health objectives
- Legislative process: Parliamentary scrutiny of excise amendments and their impact on manufacturing sectors
Keywords: Sin taxes · Fiscal policy · Excise duty · Legislative procedure · Revenue repurposing
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.