 "What is Finance Bill?")
Finance Bill
What is Finance Bill?
When a piece of legislation is yet to be passed as a law by the Houses of Parliament, it is termed a Bill. A Finance Bill is a Bill that, as the name suggests, concerns the country's finances — it could be about taxes, government expenditures, government borrowings, revenues, etc. Since the Union Budget deals with these things, it is passed as a Finance Bill.
Rule 219 of the Rules of Procedure of Lok Sabha states: ‘Finance Bill’ means the Bill ordinarily introduced in each year to give effect to the financial proposals of the Government of India for...
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Latest Updates on Finance Bill
Parliament approves Finance Bill 2025, completes Budget FY26 exercise
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal
 "Parliament approves Finance Bill 2025, completes Budget FY26 exercise")
Economic policies in India are made for 'Bombay club', says RJD MP AD Singh
Participating in a debate on the Finance Bill, Singh quoted a report of the World Bank from 2024, and said India's economic growth has slowed down, and at current pace
 "Economic policies in India are made for 'Bombay club', says RJD MP AD Singh")
Govt seeks to drop 6% equalisation levy on online advertisements
Google, Meta, and X set to be among beneficiaries
 "Govt seeks to drop 6% equalisation levy on online advertisements")
Govt proposes to abolish Equalisation Levy on online advertisements
These changes are part of the 59 amendments to the Finance Bill introduced by Minister of State for Finance Pankaj Chaudhary in the Lok Sabha
 "Govt proposes to abolish Equalisation Levy on online advertisements")
Bills that rose above Parliament's din to become legislation in 2024
From 'One Nation, One Election' to financial reforms, here's a glimpse at the landmark bills passed this year that are poised to reshape governance, law, and the economy
 "Bills that rose above Parliament's din to become legislation in 2024")
We have courage to change: FM Nirmala Sitharaman on LTCG amendment
The original LTCG regime proposed on July 23 Budget, removed the indexation benefit, sparking concerns over real estate transactions
 "We have courage to change: FM Nirmala Sitharaman on LTCG amendment")
Companies with multi-state presence to register as ISD with GST authorities
The Central Board of Indirect Taxes and Customs (CBIC) has now notified April 1, 2025, as the cut-off date for all companies with multi-state branches to register as ISD
 "Companies with multi-state presence to register as ISD with GST authorities")
Paytm finishes merchant migration to new UPI ids: Here's how to activate it
Paytm is now enabled to offer UPI services through partners such as Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank
 "Paytm finishes merchant migration to new UPI ids: Here's how to activate it")
Emphasis on capex is the highlight of Interim Budget: FM Sitharaman
She also informed the Rajya Sabha that the unemployment rate in rural areas has decreased from 5.3 per cent in 2017 to 2.4 per cent in 2023
 "Emphasis on capex is the highlight of Interim Budget: FM Sitharaman")
Parliament approves interim Budget 2024-25, with RS returning Finance Bill
The Upper House also returned the appropriation bills related to the Union Territory of Jammu and Kashmir
 "Parliament approves interim Budget 2024-25, with RS returning Finance Bill")
LS passes Finance Bill, completes exercise for interim budget 2024-25
The Finance Bill, 2024, does not propose any change in the tax structure as the final budget will be tabled in July after the new government assumes office post the general elections in April-May
LS to discuss Interim Budget; FM Sitharaman to move Finance Bill 2024
Union Finance Minister Nirmala Sitharaman is scheduled to move The Finance Bill, 2024 for its consideration and passage in the Lok Sabha on Tuesday
GST authorities: Penalty for Tobacco cos not registering packing machines
The Finance Bill, 2024, introduced amendments to the Central GST Act, where a penalty of Rs 1 lakh would be levied for every machine not registered
 "GST authorities: Penalty for Tobacco cos not registering packing machines")
It's not priority of govt to monitor consumption: Finance secretary
He says why the Budget numbers are realistic and speaks of the evolving approach of the government towards disinvestment, welfare schemes, and capital expenditure
 "It's not priority of govt to monitor consumption: Finance secretary")
Interim Budget 2024-25: Strategic thinking in public finance
We need to attain sustained small primary surpluses
 "Interim Budget 2024-25: Strategic thinking in public finance")
Interim Budget 2024 highlights: Capex from govt will continue, says FM
Union Budget 2024 LIVE updates: FM Sitharaman in her Interim Budget speech stated the Centre is working towards making India 'viksit' by 2047. Catch the latest updates here
 "Interim Budget 2024 highlights: Capex from govt will continue, says FM")
Budget 2024: How India's Railway Budget has changed over the years
John Mathai, an economist, was independent India's first railway minister and presented the first independent Railway Budget in 1947
 "Budget 2024: How India's Railway Budget has changed over the years")
Budget Speech: All you need to know about the FM's address to Parliament
Here is everything you need to know about what a Budget speech ahead of the Union Budget 2024, the different parts it has, Budget at a Glance, Finance Bill, and more
 "Budget Speech: All you need to know about the FM's address to Parliament")
Axis Bank launches new paid saving a/c with no charges for services
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services
 "Axis Bank launches new paid saving a/c with no charges for services")
What is a money bill? What are its provisions and what is its significance?
When the Aadhaar Act in 2016 was passed as a money bill, it raised constitutional questions about money bills and their classification
 "What is a money bill? What are its provisions and what is its significance?")
