New DelhiThe Lok Sabha passed the Finance Bill 2016 on Thursday. The Bill was passed after Union Finance Minister Arun Jaitley moved as many as 45 amendments regarding the FInance Bill 2016. The Insolvency and Bankruptcy Code 2016, a special discussion on situation arising out of drought and drinking water crisis in many States and the need to consider interlinking of rivers and water resource management for sustainable solution to mitigate the crisis were also discussed. 

Congress leader Gaurav Gogoi, during the discussion, raised some pertinent points and said that bad investment and bad business planning must be corked immediately. “We don’t want any more Vijay Mallyas in the country,” he added.

Here are the latest updates: 

7:45pm: Central University Act must be changed, as it is decrepit: Pradip Bhattacharya  

7.30pm: We must stress upon quality education: P.L. Punia 

7:24pm: We must rein the SC/ST dropout rates: D. Raja  

7:18pm: Students are the future of our country; we must deal with them empathetically: D. Raja

6.36pm: Private schools are business centers: Dr. K.P. Ramalingam

6.32pm: Builder, politician nexus in the country is harming millions of denizens, we must prevent it immediately: Pappu Yadav 

6:03pm: The loans of the farmers in the drought stricken states must be acquitted: Ashoke Chavan

5:50pm: Nation is built in the classrooms: Dr. K. Keshava Rao

5:46pm: Schools and colleges must be equipped with proper sports infrastructure: Dilip Kumar Tirkey

5:38pm: Problems between college authorities and students must be solved through discussion and not through suppression: CP Narayanan

5:28pm: Government formed a high level committee on interlinking of rivers to combat drought situation in the country: Jagdambika Pal

5:20pm: The Insolvency and Bankruptcy Bill passed in Lok Sabha

5:08pm: We can confiscate the overseas asset of a defaulter through a bilateral window created through an international treaty: Jayant Sinha

5:04pm: Several willful defaulters have been identified: Jayant Sinha 

4:32pm: Credit ratio in Northeast must be increased to boost the economy: Gaurav Gogoi  

4.30pm: We don’t want any more Vijay Mallyas in the country: Gaurav Gogoi

4:27pm:  Gaurav Gagoi speaks on the Insolvency and Bankruptcy Bill  

3:49pm: India is plagued with brain drain: Naresh Agarwal

3:46pm: The dropout levels are soaring in primary education: Naresh Agarwal

3:44pm: Private institutions are ruling the education sector of the country: Naresh Agarwal

3:42: Mid-day meal system is the cradle of corruption: Naresh Agarwal

3:40pm: There is scarcity of 4 lakh teachers in primary education segment of our country: Naresh Agarwal

3:39: Female education is very poor in our country; it is only 50 percent: Naresh Agarwal

3.38pm: Governor is controlling the higher education of the country, it must be rectified: Naresh Agarwal  

3.36pm: Education should be uniform: Naresh Agarwal

3.32pm: Education sector is sick with inadequate manpower: Naresh Agarwal

3.30pm: Education is very important for our country: Naresh Agarwal

3:20pm: Krishna Gopal having a massive say in everything in MoHRD: Naresh Agarwal 

2.49 pm: We are educated but we lack intellect. We are responsible for all the wrong thats happening within the societies: Ghulam Nabi Azad

2. 25 pmM J Akbar talks about the atrocities against Dalits in Kerala.

2.10 pm: There is a Hindutva mindset. Will you attack people who eat beef? Do you justify killing of Muslims and Dalits? This is communal fascism: D Raja

2.08 pm: Discussion on Love Jihad, Ghar Wapsi and growing intolerance in the country.

2.03 pm: RS currently discusses repeated attacks against cattle traders across country.

2.00 pm: Session resumes. RS Vice-Chairman expunges TMC’s Sukhendu Sekhar Roy statement against Congress Jairam Ramesh during processings in the House today.

Lok Sabha updates: 

1.20 pm: Lok Sabha passes the Finance Bill 2016.

12.50 pm: FM Arun Jaitley in LS dismisses withdrawal of 1% excise duty on gold.

12.28 pm: Arun Jaitley says notice has been sent to all the members whose names are in the Panama papers.

12.26 pm: NPA of banks is an issue of concern: Jaitley while replying to debate on Finance Bill 2016 in Lok Sabha.

12.24 pm: Hiding NPAs will not resolve the problem; they should be reflected in balance sheets and addressed through capitalisation: Finance Minister in Lok Sabha

12.18 pm: Good monsoon will aid in accelerating economic growth: Finance Minister

12.15 pm: We are pushing in more capital into banks: Arun Jaitley in LS.

12.07 pm: Arun Jaitley speaks on drought in Lok Sabha.

Rajya Sabha updates

The Rajya Sabha witnessed uproar after fiery exchanges between the Congress and the BJP on the controversial AgustaWestland issue. The debate over the VVIP chopper deal dominated a majority of the Parliament proceedings in the morning session.

1.00 pm: Rajya Sabha adjourned till 2 pm.

12.55 pm: We have ordered shutting down of institutions and colleges with fake licenses.

12.51 pm: Smriti Irani speaks about the fake colleges and universities.

12.22 pm: Indians working outside should adopt legal methods to get work visas: V K Singh

12.05 pm: 55,000 posts waiting for the Anganwadi workers, says Maneka Gandhi.

12.00 pm: Question hour starts in Rajya Sabha.

11. 55 am: Terrorist activities on rise in India, says Shamsher Singh of INC.

11.40 am: Naresh Agrawal speaks about food adulteration.

11.35: Tapan Kumar Sen raises the issue of student rights, says Govt has waged a war against the central universities.

11.20 am: Uproar in Rajya Sabha.

Uproar in Rajya Sabha #AgustaWestland

— ANI (@ANI_news) May 5, 2016

11.15 am: When is the GST issue going to be discussed in the house: Jairam Ramesh of INC asks the Deputy Chairman P J Kurien

11.12 am: Subramanium Swamy raises the Ram temple issue in Rajya Sabha.

11.10 am: Discussion on AgustaWestland issue.

11.05 am: Rajya Sabha proceedings begin.