NEW DELHI, India, July 19: The government has listed the Income-tax (Amendment) Bill, 2026, and the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, among the key economy-related legislations proposed for introduction during the Monsoon Session of Parliament, which begins Monday, according to the tentative legislative and financial business agenda circulated by the Ministry of Parliamentary Affairs.
The agenda also includes the Foreign Contribution (Regulation) Amendment Bill, 2026, which was introduced in the Lok Sabha on March 25 and has been listed for consideration and passage during the session.
According to the official document, the Income-tax (Amendment) Bill, 2026, which will replace an Ordinance, seeks to deepen India’s sovereign debt market, attract stable global capital inflows, and enhance liquidity amid global macroeconomic volatility driven by geopolitical uncertainties, rising crude oil prices, and disruptions in global supply chains.
The proposed legislation aims to strengthen India’s government bond market, encourage stable foreign investment, and improve liquidity in the financial system as the global economy faces heightened uncertainty.
The legislative agenda states that the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, seeks to align the MSME Development Act, 2006, with the evolving MSME landscape, improve the ease of doing business, and introduce trust-based regulations across the sector.
The Bill also proposes strengthening mechanisms to address delayed payments to micro and small enterprises, ensuring the enforcement of arbitral awards, and providing states with greater flexibility to determine the composition of Micro and Small Enterprises Facilitation Councils (MSEFCs). The changes are expected to enable states to establish more facilitation councils to resolve disputes involving MSMEs.
Separately, the Foreign Contribution (Regulation) Amendment Bill, 2026, which is already pending before the Lok Sabha, has been included in the government’s legislative agenda for consideration and passage during the session.
The Monsoon Session of Parliament is scheduled to run from July 20 to Aug. 13, with a break for Independence Day celebrations before the Houses reconvene, if required. (ANI)
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