The winter session of Parliament is going to start in a few hours from Monday i.e. today. The government is going to present 9 finance bills in this session. These bills include a bill to amend insurance laws and two other bills related to imposing taxes and cess on harmful items like tobacco and pan masala. Also, the first batch of supplementary demands for grants for the financial year 2025-26 will be presented during the winter session (December 1-19). Let us also tell you which other bills are going to be introduced in this session?
Bill to change insurance laws
According to the list of bills sent to Members of Parliament for the upcoming session, the government is planning to introduce the Insurance Laws (Amendment) Bill, 2025 to increase the limit of foreign direct investment (FDI) in the insurance sector from 74 per cent to 100 per cent as part of new generation financial reforms. So far, the insurance sector has attracted investment of Rs 82,000 crore through foreign direct investment (FDI).
Bill to impose cess and surcharge on cigarettes and tobacco
Besides this, the Central Excise (Amendment) Bill, 2025 and the ‘Health Care National Security Cess Bill, 2025’ have been listed for introduction by Finance Minister Nirmala Sitharaman in the Lok Sabha on Monday. The bill has a provision to impose excise duty on tobacco products like cigarettes, which will replace the GST Compensation Cess. The ‘Health Protection National Security Cess Bill, 2025’ will replace the compensation cess on pan masala.
Its purpose is to raise resources to meet expenses for national security and public health and to impose a cess on machines or processes by which specified goods are manufactured or produced. Currently, 28 percent GST is levied on tobacco and pan masala, and along with it, compensation cess is also collected at different rates.
These bills will also come forward
Apart from this, the Securities Market Code Bill 2025 has been listed for introduction. This Bill will ensure a unified securities market code for ease of doing business.
The Public Trust (Amendment of Provisions) Bill, 2025 will be brought for discussion in the winter session. The bill was introduced in the Lok Sabha in August and was referred to a select committee, which is to submit its report by the first day of the winter session.
Other economic bills to be introduced in the winter session include the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, the Manipur Goods and Services Tax (Second Amendment) Bill, 2025, the National Highways (Amendment) Bill, 2025 and the Corporate Laws (Amendment) Bill, 2025.
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