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Lok Sabha passes Direct Tax ‘Vivad Se Vishwas’ Bill amid din in House

The Lok Sabha on Wednesday passed the Direct Tax ‘Vivad Se Vishwas’ Bill, 2020 which will provide for dispute resolution related to direct taxes.

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The Lok Sabha on Wednesday passed the Direct Tax ‘Vivad Se Vishwas’ Bill, 2020 which will provide for dispute resolution related to direct taxes.

The bill was passed amid din in the House over the opposition’s demand for an immediate discussion on Delhi violence.

The clause-by-clause consideration of the bill was taken up on Tuesday amid ruckus in the House over the opposition’s demand. However, the bill was not passed as the Lower House was adjourned due to the unruly behaviour of the members.

Meenakshi Lekhi, who was in the Chair, took up the remaining clauses of the bill when the House assembled at 2 pm following adjournments earlier in the day.

The bill was passed by a voice vote despite sloganeering from the opposition MPs.

The bill is applicable to appeals filed by taxpayers or the government, which are pending with the Commissioner (Appeals), Income-tax Appellate Tribunal, High Court or Supreme Court as on January 31, 2020, irrespective of whether demand in such cases is pending or has been paid.

What is The Direct Tax Vivad se Vishwas Bill, 2020?

The Bill is aimed at resolving direct tax-related disputes quickly which can benefit both the taxpayer and the government.

“In the past, our government has taken several measures to reduce tax litigations. In the last budget, Sabka Vishwas Scheme was brought in to reduce litigation in indirect taxes. It resulted in settling over 1,89,000 cases,” Finance Minister Nirmala Sitharaman had said in her Budget speech. She then unveiled the ‘Vivad se Vishwas Scheme’, which was to do for direct tax-related disputes.

According to the FM, currently there are as many as “4,83,000 direct tax cases pending in various appellate forums i.e. Commissioner (Appeals), ITAT, High Court and Supreme Court”. The idea behind the scheme is to reduce litigation in direct taxes.

Specifics of the scheme

Under the proposed ‘Vivad Se Vishwas scheme’, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by March 31, 2020. Those who avail this scheme after March 31, 2020 will have to pay some additional amount.

However, the scheme will remain open only till June 30, 2020. The scheme also applies to all case appeals that are pending at any level.

How would it help?

As per reports, over Rs 9 lakh crore worth of direct tax disputes are pending in the courts. The government can recover it in a swift and simple manner, while also offering the taxpayers the relief of a speedy process.

India News

Bank holiday today: Are banks open or closed on June 29? Here’s what RBI calendar says

Banks in Himachal Pradesh and Mizoram will remain closed on June 29, 2026, due to regional holidays, while banking operations will continue normally in most other states.

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Bank Holidays

As June comes to an end, many customers are wondering whether banks across the country are open on June 29, 2026. According to the Reserve Bank of India’s (RBI) holiday calendar, bank operations will not be affected nationwide, but branches in some states will remain closed due to local holidays.

Banks closed in these states on June 29

Banks will remain shut in Himachal Pradesh on Monday, June 29, on account of Sant Guru Kabir Jayanti. In addition, bank branches in Mizoram will remain closed to observe Remna Ni, a regional public holiday.

However, bank branches in most other states and Union Territories are expected to function normally as June 29 is not a nationwide banking holiday.

Will online banking services remain available?

Even when physical branches remain closed, customers can continue using digital banking facilities. Services such as internet banking, mobile banking, UPI transactions, ATM withdrawals and cash deposits at ATMs will remain operational.

Customers planning to visit a bank branch are advised to check with their local branch beforehand, as holiday schedules may vary depending on the state and local observances.

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India News

Second cloudburst in a week triggers floods in Arunachal, travel advisories issued

A second cloudburst in less than a week has caused fresh flooding and landslides in Arunachal Pradesh, leading authorities to issue travel advisories in affected districts.

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Cloud burst in Arunanchal

A second cloudburst within a week has triggered widespread flooding and landslides in parts of Arunachal Pradesh, prompting district authorities to issue travel advisories and urge residents to avoid non-essential journeys.

Torrential monsoon rains accompanied by cloudbursts have severely affected the East Siang and Leparada districts, damaging road infrastructure and disrupting connectivity in several areas. According to local authorities, multiple key road links in East Siang district have either been blocked or washed away due to incessant rainfall.

Several road links damaged

The worst damage has been reported on the Pasighat-Runne-Takilalug Road, where sections of the route have been extensively affected. Landslides and overflowing streams have also rendered several other roads unsafe for vehicular movement. Authorities have deployed heavy machinery and emergency teams to clear debris and restore connectivity at the earliest.

Officials have advised people to undertake travel only if absolutely necessary and to remain alert, particularly in landslide-prone stretches. Residents have also been asked to closely follow official weather updates and district advisories.

The latest weather-related disruption comes days after flash floods and landslides caused extensive damage in Keyi Panyor district, where rescue and relief operations are still underway following heavy rainfall earlier this week.

Meteorological forecasts indicate the possibility of continued heavy rainfall across parts of Arunachal Pradesh, raising concerns over further flooding and landslides in vulnerable regions.

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Delhi likely to receive monsoon by July 4, says IMD

The India Meteorological Department has predicted that the southwest monsoon is likely to reach Delhi by July 4, offering relief from persistent heatwave conditions.

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Delhi Monsoon

Residents of Delhi may finally get respite from the prolonged spell of intense heat, with the India Meteorological Department (IMD) forecasting the arrival of the southwest monsoon in the national capital by July 4.

According to the weather office, conditions are becoming favourable for the monsoon to advance further across several parts of north India, including Delhi, over the next five to six days. The forecast comes after the capital witnessed unusually high temperatures and delayed seasonal rainfall.

Monsoon expected to advance across north India

The IMD said the southwest monsoon is likely to progress into additional parts of Rajasthan, Punjab, Haryana, Chandigarh, Delhi, western Uttar Pradesh and Jammu and Kashmir during the coming days as weather systems create conducive conditions for its advance.

The expected arrival of the monsoon is likely to bring widespread rainfall activity and provide much-needed relief from scorching temperatures that have persisted across Delhi and adjoining regions. The city has experienced an extended period of heat, with temperatures remaining above normal in recent weeks.

The weather department has also issued heatwave warnings for parts of Uttar Pradesh even as monsoon activity gradually strengthens across northern India.

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