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)Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
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 InformationDHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
New Delhi [India], July 4 (ANI): Chinese Ambassador to India Xu Feihong on Friday reiterated China's official stance on the reincarnation...
SAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...