1. Arun Jaitley to move Finance Bill in Lok Sabha for consideration of Rajya Sabha amendments

Arun Jaitley to move Finance Bill in Lok Sabha for consideration of Rajya Sabha amendments

Union Finance Minister Arun Jaitley will move Finance Bill 2017, in Lok Sabha for consideration of Rajya Sabha amendments.

By: | New Delhi | Published: March 30, 2017 8:48 AM
After facing debates from the opposition parties over planning to move amendments, the Finance Bill received its approval with amendment in the Rajya Sabha on Wednesday. (Reuters)

Union Finance Minister Arun Jaitley will move Finance Bill 2017, in Lok Sabha for consideration of Rajya Sabha amendments. The Rajya Sabha yesterday returned the Bill with five amendments moved by the opposition. The Footwear Design and Development Institute Bill, 2017, and Repealing and Amending Bill, 2017 is scheduled to come up for consideration and passage in the Lower House today. In Rajya Sabha, Appropriation Railways Bill, 2017 and Appropriation Railways Number 2 Bill, 2017 will also be taken up for consideration and return.

Health Minister J.P. Nadda will move the amendments made by Lok Sabha in the Mental Healthcare Bill, 2016, for consideration in the Upper House. (ANI)

After facing debates from the opposition parties over planning to move amendments, the Finance Bill received its approval with amendment in the Rajya Sabha on Wednesday. “As far as benefits are concerned, you can produce Aadhar. If you don’t have one, you can produce other ID and simultaneously apply for it,” Finance Minister Arun Jaitley. He further said that the Government will issue electoral bonds.

“There are lot of wild information going around over the authority of assessment officers over search and seizure,” added Jaitley.

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“Let me clarify this under section 132, a satisfaction note must be submitted before search and entering premise and that has to be submitted in the court,” he added while notifying that the Finance Bill protects the source of information for tax evasion.

Earlier on Wednesday, Arun Jaitley moved four Goods and Services Tax (GST) Bills for consideration and passage in the Lok Sabha, which then took them up for discussion. The Central Goods and Services Tax (CGST) Bill, 2017, along with three other GST Bills were moved for consideration in the lower house.

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