Tue, 30 Apr 2013 09:45:00 GMT | By ANI

Lok Sabha to pass key Finance Bill

The Finance Bill cannot be delayed beyond today as per rules of procedure in Parliament


Lok Sabha to pass key Finance Bill (© Reuters)

New Delhi: The key Finance Bill is likely to be passed in Lok Sabha today, with a temporary truce achieved between the treasury and opposition benches on clearance of all money-related bills.

The Finance Bill cannot be delayed beyond today as per rules of procedure in Parliament. The government has to pass all money bills within 75 days of the Budget speech. After being passed in the Lok Sabha, the money bills will go to the Rajya Sabha and then to the President for his assent. Parliamentary Affairs Minister Kamal Nath told media on Monday that the government has decided to take up all financial business of the session, including the Railway Budget, the general demands for grants, the Appropriation Bill and the Finance Bill.

The opposition Bharatiya Janata Party (BJP) has said it will allow the smooth passage of the Finance Bill in the Lok Sabha. BJP spokesman Prakash Javadekar said the party has agreed to allow the House to function to conduct financial business, but added that the BJP will continue to press for their demands on the 2G and coal allocation scams. Parliament has been witnessing repeated adjournments in the second part of Budget Session.

The two Houses could not transact much business on Monday also, as the stalemate between the opposition and the government continued over various issues.

(Continued)
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