 "What is Finance Bill?")
Finance Bill
What is Finance Bill?
When a piece of legislation is yet to be passed as a law by the Houses of Parliament, it is termed a Bill. A Finance Bill is a Bill that, as the name suggests, concerns the country's finances — it could be about taxes, government expenditures, government borrowings, revenues, etc. Since the Union Budget deals with these things, it is passed as a Finance Bill.
Rule 219 of the Rules of Procedure of Lok Sabha states: ‘Finance Bill’ means the Bill ordinarily introduced in each year to give effect to the financial proposals of the Government of India for...
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Latest Updates on Finance Bill
We have courage to change: FM Nirmala Sitharaman on LTCG amendment
The original LTCG regime proposed on July 23 Budget, removed the indexation benefit, sparking concerns over real estate transactions
 "We have courage to change: FM Nirmala Sitharaman on LTCG amendment")
Companies with multi-state presence to register as ISD with GST authorities
The Central Board of Indirect Taxes and Customs (CBIC) has now notified April 1, 2025, as the cut-off date for all companies with multi-state branches to register as ISD
 "Companies with multi-state presence to register as ISD with GST authorities")
Paytm finishes merchant migration to new UPI ids: Here's how to activate it
Paytm is now enabled to offer UPI services through partners such as Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank
 "Paytm finishes merchant migration to new UPI ids: Here's how to activate it")
Emphasis on capex is the highlight of Interim Budget: FM Sitharaman
She also informed the Rajya Sabha that the unemployment rate in rural areas has decreased from 5.3 per cent in 2017 to 2.4 per cent in 2023
 "Emphasis on capex is the highlight of Interim Budget: FM Sitharaman")
Parliament approves interim Budget 2024-25, with RS returning Finance Bill
The Upper House also returned the appropriation bills related to the Union Territory of Jammu and Kashmir
 "Parliament approves interim Budget 2024-25, with RS returning Finance Bill")
LS passes Finance Bill, completes exercise for interim budget 2024-25
The Finance Bill, 2024, does not propose any change in the tax structure as the final budget will be tabled in July after the new government assumes office post the general elections in April-May
LS to discuss Interim Budget; FM Sitharaman to move Finance Bill 2024
Union Finance Minister Nirmala Sitharaman is scheduled to move The Finance Bill, 2024 for its consideration and passage in the Lok Sabha on Tuesday
GST authorities: Penalty for Tobacco cos not registering packing machines
The Finance Bill, 2024, introduced amendments to the Central GST Act, where a penalty of Rs 1 lakh would be levied for every machine not registered
 "GST authorities: Penalty for Tobacco cos not registering packing machines")
It's not priority of govt to monitor consumption: Finance secretary
He says why the Budget numbers are realistic and speaks of the evolving approach of the government towards disinvestment, welfare schemes, and capital expenditure
 "It's not priority of govt to monitor consumption: Finance secretary")
Interim Budget 2024-25: Strategic thinking in public finance
We need to attain sustained small primary surpluses
 "Interim Budget 2024-25: Strategic thinking in public finance")
Interim Budget 2024 highlights: Capex from govt will continue, says FM
Union Budget 2024 LIVE updates: FM Sitharaman in her Interim Budget speech stated the Centre is working towards making India 'viksit' by 2047. Catch the latest updates here
 "Interim Budget 2024 highlights: Capex from govt will continue, says FM")
Budget 2024: How India's Railway Budget has changed over the years
John Mathai, an economist, was independent India's first railway minister and presented the first independent Railway Budget in 1947
 "Budget 2024: How India's Railway Budget has changed over the years")
Budget Speech: All you need to know about the FM's address to Parliament
Here is everything you need to know about what a Budget speech ahead of the Union Budget 2024, the different parts it has, Budget at a Glance, Finance Bill, and more
 "Budget Speech: All you need to know about the FM's address to Parliament")
Axis Bank launches new paid saving a/c with no charges for services
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services
 "Axis Bank launches new paid saving a/c with no charges for services")
What is a money bill? What are its provisions and what is its significance?
When the Aadhaar Act in 2016 was passed as a money bill, it raised constitutional questions about money bills and their classification
 "What is a money bill? What are its provisions and what is its significance?")
FAITH urges govt to withdraw TCS hike on packages announced in Finance Bill
Tourism and hospitality body FAITH on Tuesday urged the government to roll back the increase in Tax Collected at Source on overseas tour packages announced in the Finance Bill 2023
 "FAITH urges govt to withdraw TCS hike on packages announced in Finance Bill")
Parliament completes Budgetary exercise for FY 2023024 amid ruckus
Parliamentary approval for Budget for 2023 was completed after LS passed the Finance Bill with a fresh amendment and RS gave its nod without any debate amid continuing din over the Adani issue
 "Parliament completes Budgetary exercise for FY 2023024 amid ruckus")
Parliament approves Budget for 2023-24 amid ruckus by Opposition
The Finance Bill was passed in the Lok Sabha with 64 official amendments on March 24 and was sent to the Rajya Sabha
Aditya Birla Sun Life tanks 12% in 2 days; stock hits record low
Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.
 "Aditya Birla Sun Life tanks 12% in 2 days; stock hits record low")
Tax treatment
Major changes without debate should be avoided
 "Tax treatment")
