The Lok Sabha on Thursday passed the Demands for Grants and Appropriation Bill 2022, authorising the government to withdraw Rs 122.43 lakh crore from the Consolidated Fund of India for its working as well as implementation of programmes and schemes for the fiscal beginning April 1.
This completes two-thirds of the budgetary exercise by the Lok Sabha.
The Appropriation Bill authorising payment and appropriation of Rs 122.43 lakh crore from the Consolidated Fund of India for 2022-23 was introduced by Finance Minister Nirmala Sitharaman.
The bill was later approved by voice vote after rejecting several cut motions moved by opposition members.
The Lok Sabha earlier discussed demands for grants of different ministries, including railways, road transport and highways, civil aviation, commerce and industry and port, shipping and waterways.
Speaker Om Birla later applied the guillotine, after which all the outstanding demands for grants, whether discussed or not, were put to vote at once and passed.
After that, the Appropriation Bill was taken into consideration and passed by the lower house of Parliament.
The Lok Sabha will now discuss the Finance Bill, which essentially contains the government's tax proposals. The budget exercise will complete with the passage of the Finance Bill.
Both appropriation and finance bills are classified as money bills which do not require the explicit consent of the Rajya Sabha. The upper house only discusses them and returns the bills.
After the passage, the Finance Bill enters the statute as the Finance Act and the final Budget gets approved.
While guillotine literally is a large, weighted blade used for executing a condemned person, in legislative parlance, to ''guillotine'' means to bunch together and fast-track the passage of financial business.
It is a fairly common procedural exercise in the Lok Sabha during the Budget Session.
After the Budget is presented, Parliament goes into recess for about three weeks, during which the House Standing Committees examine demands for grants for various ministries, and prepare reports. After Parliament reassembles, time is allotted for discussions on the demands for grants of some ministries.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)