India’s Finance Minister, Nirmala Sitharaman, is expected to present the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha on Tuesday, August 4, 2026. The bill aims to update and improve several important laws related to taxation, financial systems, and government policies. The proposed bill includes changes to the Payment and Settlement Systems Act, which regulates how money is transferred through banks and digital payment systems. Meanwhile, the Rajya Sabha passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026. The current Parliament session has focused on several important bills related to taxation, the judiciary, and business development.