News
India’s new Parliament Building can last 150 years, seat 150% more
bY S VENKAT NARAYAN,
Our Special Correspondent
NEW DELHI: India will celebrate 75 years of its independence in 2022 with a new triangular Parliament Building in place. Prime Minister Narendra Modi laid its foundation stone on December 10. The present circular Parliament House is a century-old beauty, designed by Sir Edwin Lutyens.
The new building will have a life of more than 150 years with more than 150% increase in seating capacity, the government said. While the interior of the new Lok Sabha will have the theme of peacock, the national bird, Rajya Sabha will have national flower lotus as its theme.
Besides the two Houses, the building will have a Constitution Hall that will exhibit an original Constitution and a digital form for people to read page-by-page. This will be the only portion of the building that will have no storeys.
The rest of the complex will have four floors. Each floor will have offices of ministers and committee rooms. The first floor will have dining space for member of Parliament, VVIPs and visitors.
It will also have a central lounge. Besides being earthquake proof, the new building will be eco-friendly and consume significantly less power. “The project will be completed in time in 2022 and the winter session will be held here,” says Housing and Urban Affairs Minister Hardeep Singh Puri.
The building will be earthquake-resistant, and adaptable to the most modern digital technology.
Provisions will be made in the furniture for smart displays, biometrics for ease of voting, digital language interpretation or translation systems, and recording infrastructure to produce real-time metadata and programmable microphones.
Interiors of the halls will be fitted with virtual sound simulations to set the right levels of reverberation sound and limit the echo.
It will incorporate indigenous architecture from different parts of the country, and showcase the cultural diversity.
Around 2,000 people will be directly involved in its construction, while another 9,000 will be there indirectly.
More than 200 artistes from various parts of the country will also work for the building.
The existing Parliament building will be conserved as an archaeological asset of the country.
The project of building the new Parliament Building has been given to Tata Projects Ltd.
The design has been prepared by HCP Design, Planning and Management Pvt Ltd. The building is to come up on a 64,500-square-metre area. The total cost is estimated at INR9.71 billion.
The building will have six entrances: A ceremonial entrance for the President and Prime Minister; one for the Speaker of the Lok Sabha, Chairperson of the Rajya Sabha, and MPs; a ceremonial entrance in general; another entrance for MPs; and two public entrances.
The new Parliament complex will have four floors — lower ground, upper ground, first and second floors.
A total of 120 office spaces, including committee rooms, major offices of the ministry of Parliamentary Affairs, Lok Sabha Secretariat, Rajya Sabha secretariat, offices of the Prime Minister, some MPs and offices for staff and security personnel will be housed in the new Parliament. It will also have a reading room for MPs. It will not have a Central Hall.
The Lok Sabha chamber, which will come up on a 3,015-square-metre area, will have 888 seats instead of present 543 seats, spread over an area of 1,145 square metres.
The Rajya Sabha chamber, spread over an area of 3,220 square metres, will have 384 seats against its current strength of 245 seats on a 1,232-square-metre area.
During a joint session, the new Lok Sabha chamber will be able to accommodate 1,224 members. The MPs will be seated in two-seater benches, which can accommodate three in case of joint sessions, in a horseshoe pattern in front of the Speaker.
An adjacent building, which will come up on the site of Shram Shakti Bhavan, will have rooms for all MPs, and will be connected via an underpass.
The building will be earthquake-resistant, and adaptable to the most modern digital technology. It will incorporate indigenous architecture from different parts of the country, and showcase the cultural diversity.
Officials said the building will have the most modern security and surveillance system. “The security check will be mostly non-intrusive,” said Bimal Patel, the designer of Central Vista redevelopment project. Dholpur and red stone from Rajasthan will be largely used.
News
Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament
As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.
Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.
Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.
Business
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.
United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.
News
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.
Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.
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