The Lok Sabha has passed the Appropriation (No – 3) Bill, 2026. The Bill was moved by Finance Minister Nirmala Sitharaman. It provides for the authorisation of the appropriation of money from the Consolidated Fund of India to meet amounts spent on certain services during the financial year ended on the 31st March 2023 in excess of the amounts granted for those services for that year. The government has sought over 54 thousand crore rupees to meet certain excess expenditure. It will be spent on repayment of debt.

Earlier, Finance Minister Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026. The Bill will further amend the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and also the Finance Act, 2026. She also laid an explanatory Statement showing reasons for immediate legislation by promulgation of the Income-tax (Amendment) Ordinance, 2026. Sources in the Finance Ministry said, the proposals in the Bill share a single purpose – to make India a more attractive and predictable place for global capital, manufacturing and business to come and stay. It said, foreign cloud companies that use Indian data centres were earlier promised a tax exemption, but with conditions of clearing several layers of government notification and approval.

The proposed Bill removes these approval requirements and allows Indian data centres to be run on a leased basis rather than only under direct ownership. This reform is expected to help India build large AI data cities and attract significant investment into them.

The reports of the Public Accounts Committee and the Committee on Government Assurance were also tabled in the House. The report of the Standing Committee on Housing and Urban Affairs was also presented. After passing the Appropriation (No.3) Bill, 2026, Deputy Chairman Harivansh adjourned the house for the day to meet again at 11 AM tomorrow.