This isn’t just a political session; it’s a major economic restructuring hitting everything from your life insurance to the price of pan masala. The government has lined up nine crucial bills to push through major reforms in this Winter Session (Dec 1–19).
Here are the raw notes on the key economic agenda items:
Also read:Strongest Economy State: Who is the richest in Karnataka, Kerala, Telangana and TN-AP
Parliament Winter Session: The Economic Reform Hammer
This is shaping up to be one of the most reform-heavy sessions we’ve seen. The core goal seems to be two-fold: freeing up capital (FDI, ease of business) and reshaping sin-goods taxation to secure funding.
The Big Ticket Reforms
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Insurance FDI Hike: This is huge for capital markets. The Insurance Laws (Amendment) Bill, 2025, aims to raise the Foreign Direct Investment cap in insurance from 74% to a full 100%. This is positioned as modernizing the financial sector.
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Unified Capital Markets: Complexity is the enemy of business. The Securities Markets Code Bill, 2025, seeks to fix that. It proposes merging three separate laws that govern India’s capital markets into one single, unified code. The goal: streamline compliance and improve the ease of doing business.
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Decriminalization Drive: The Jan Vishwas (Amendment of Provisions) Bill, 2025 is back. It’s with a Select Committee right now, but the aim is to decriminalize a huge range of minor offenses. Let’s be real, this is about reducing the regulatory friction that constantly trips up companies.
The Sin-Goods Taxation Overhaul
This is about money for national security and public health—and making sure tax incidence on tobacco doesn’t drop when the GST compensation cess ends.
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The Problem: Currently, tobacco and pan masala face 28% GST plus a compensation cess. That cess is expiring.
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The Fix (Two Bills):
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The Central Excise (Amendment) Bill, 2025: This replaces the GST compensation cess on tobacco products with a new, higher central excise duty.
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The Health Security se National Security Cess Bill, 2025: This introduces a new cess, levied on the machines or processes used to manufacture pan masala (and other specified goods). Here’s the kicker: the proceeds are specifically earmarked for national security and public health expenditure.
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Other Bills to Track
The list rounds out with necessary, if less flashy, updates:
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Amendments to the Insolvency and Bankruptcy Code (IBC).
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The Manipur GST Amendment Bill.
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Updates to the National Highways administration.
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General corporate law updates.
The session starts today, December 1. The government is pushing hard.
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