Parliament okays Union Budget

New Delhi, March 21 | Updated: Mar 22 2006, 05:30am hrs
Parliament on Tuesday approved the Budget for 2006-07, with the Rajya Sabha returning the Finance Bill after finance minister P Chidambaram said the thrust of the Budget was to incentivise domestic industry to make the country a global manufacturing hub.

The Finance Bill, 2006, was passed by the Lok Sabha on Monday after the finance minister announced some excise and customs duty concessions. With the Upper House returning the Bill, the three-stage budgetary exercise had been completed.

Companies amendment Bill introduced

The government brought in a legislation to amend the company law to provide for electronic filing of documents and payment of fees by corporates.

Introducing the companies amendment Bill in the House, company affairs minister Prem Chand Gupta said the legislation was necessary to implement governments e-governance initiative through a project called MCA 21.

Govt committed to womens quota Bill: PM

Prime Minister Manmohan Singh said his government was committed to ensuring reservation for women in legislatures and a Bill in this regard would be passed as soon as possible.

Our government remains committed to ensuring reservation for women in state assemblies and Parliament. A Bill in this regard will be passed as soon as possible, he said.