LS passes the Finance Bill
New Delhi, March 14 (PTI): The Lok Sabha on Wednesday passed the crucial Finance Bill 2018 and a Rs 89.25 lakh crore spending plan for the next fiscal year without discussion amid ruckus, which led to the adjournment of both the Houses of Parliament for the eighth day.
The Finance Bill as well as the Appropriation Bill were passed in a matter of 25 minutes during which opposition parties and ruling National Democratic Alliance ally Telegu Desam Party shouted slogans and created a din. The Lower House was adjourned for the day immediately thereafter.
The opposition parties protested against the passage of the budget without debate, as the session is slated to continue till April 6.
The Rajya Sabha, which was informed of the passage of the budget by the Lok Sabha at 2pm, was also adjourned for the day within about three minutes thereafter.
In the Lok Sabha, Finance Minister Arun Jaitley moved 21 amendments to the Bill containing taxation proposals for 2018-19, which were approved by voice vote. So was the Appropriation Bill which detailed spending plans for 99 government ministries and departments.
The parliamentary approval for the Modi government's fifth and final budget was completed in the Lok Sabha, where the ruling BJP-led NDA enjoys absolute majority. Earlier this week, the BJP had issued a three-day whip to its members to be present in the House.