- Finance Minister Arun Jaitley moved the Finance Bill 2018
- BJP-led NDA has absolute majority in lower house of parliament
- With this, the budget exercise is complete in the lower house
Finance Minister Arun Jaitley moved the Finance Bill 2018, which contains taxation proposals of his fifth and final budget, as well as the appropriation bill that details spendings in various departments, amid din created by slogan-shouting opposition. The bills were passed by voice vote.
Ruling BJP-led NDA has an absolute majority in the Lower House of Parliament.
The appropriation bill was approved after a guillotine was applied which essentially means that all outstanding demands for grants from various departments are put to vote at once whether they are discussed or not.
With the passage of the Finance Bill and the Appropriation Bill, the budget exercise is complete in the lower house.
Technically, the two Bills also have to go to Rajya Sabha but since they are money bill they would be considered approved if the Upper House of Parliament does not return them within 14 days.
The Opposition has an upper hand in the Rajya Sabha.
Neither Lok Sabha or Rajya Sabha has transacted any substantial business in the past eight days.
Earlier this week, the BJP had issued a three-day whip to its members to be present in the House.
Budget passage is a constitutional obligation without which the government cannot spend a single penny on its functioning.
Opposition parties protested against passing of the Budget without a debate as the session is to continue till April 6.
Follow NDTV for latest election news and live coverage of assembly elections 2019 in Maharashtra and Haryana.
Subscribe to our YouTube channel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.