Parliament completes Budgetary exercise for FY 2023024 amid ruckus
Parliamentary approval for the Budget for 2023-24 was on Monday completed after Lok Sabha passed the Finance Bill with a fresh amendment and Rajya Sabha gave its nod to all the three related legislations without any debate amid continuing din over the Adani issue.
First Rajya Sabha approved the Rs 45 lakh-crore spending proposed in the Budget, followed by the nod to the Finance Bill that contains tax proposals. It also approved the Appropriation Bill and Demands for Grants, besides Budget for Union Territory of Jammu and Kashmir.
The nod to Finance Bill included a fresh amendment moved by finance minister Nirmala Sitharaman that sought to correct the rate of STT (securities transaction tax) to be levied on trading of options and futures in the derivative market.
After the Lok Sabha cleared the Finance Bill, which has 64 official amendments, the finance ministry on Friday issued a statement saying that there was a typographical error in the amendments with respect to the change in ST