Lok Sabha takes up discussion on Finance bill

ANI
18 Jul 2019, 14:48 GMT+10

New Delhi, July 18 (ANI) Lok Sabha on Thursday took up discussion on Finance Bill, 2019 after Finance Minister Nirmala Sitharaman moved it for consideration and passage in the Lok Sabha.

The passage of the Finance (No.2) Bill, 2019 will complete the budgetary exercise for 2019-20.

Raising objections to some provisions in the bill that entail amendments in some existing laws, N.K Premachandran of RSP said it is "backdoor legislation" and "bypasses legislative scrutiny".

He urged the Speaker Om Birla to give a ruling "to protect the rights of MPs".

Sitharaman said the rules do not rule out the possibility of including non-taxation related matters in the bill. "What we are doing now is absolutely imperative," she said.

The Speaker then allowed the House to take up discussion on the finance bill, saying that non-taxation related proposals were also there in bills passed in 2017 and 2018 and there is no specific ban.

Speaking on the bill, Sitharaman said amendments were happening under five categories - direct taxes, indirect taxes, Prevention of Money Laundering Act, financial markets and Central Roads Funds. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.

More Information

null in null

Asia

Section

Dalai Lama to address Buddhist conference, reveal succession plan

DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...

Beijing crowds cheer AI-powered robots over real soccer players

BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...

COVID-19 source still unknown, says WHO panel

]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

UN Demands End to Myanmar Violence as Junta’s Election Plans Risk Further Instability

Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...

China reiterates its claim to authority over Dalai Lama reincarnation process, cites centuries-old rituals

New Delhi [India], July 4 (ANI): Chinese Ambassador to India Xu Feihong on Friday reiterated China's official stance on the reincarnation...

Business

Section