Finance Bill expected to be passed by parliament on July 28

Image
Press Trust of India New Delhi
Last Updated : Jul 21 2014 | 8:00 PM IST
Fast tracking the budgetary exercise, Parliament is expected to pass the Finance Bill by July 28.
The Finance bill, whose passage signals the end of the budgetary exercise, is coming up for discussion in the Lok Sabha on July 24 and 25, Minister of State for Parliamentary Affairs Prakash Javadekar told reporters.
He said that after that the Finance bill would go to Rajya Sabha where the exercise will be completed by July 28.
In the Lok Sabha, the demands for Ministry of Environment and Forest will be taken up for discussion tomorrow and that of Surface Transport Ministry a day after for scrutiny.
The Union Budget 2014-15 was presented in the Lok Sabha on July 10. Today, the Lok Sabha suspended a rule of procedure and conduct of business to take up the discussion.
The rule suspended was one relating to sending the demands for grants to the concerned Standing Committees as they have not yet been constituted.
The Budget has to be cleared before July-end as the Votes-on-Account taken before Lok Sabha elections will expire by July-end.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 21 2014 | 8:00 PM IST

Next Story