Search results
Results from the WOW.Com Content Network
An appropriation bill is a bill that authorizes the government to withdraw funds from the Consolidated Fund of India for use during the financial year. [3] Although Appropriation Acts are not included in any official list of central laws, they technically remain on the books.
The Appropriation Acts (Repeal) Bill, 2015 was introduced in the Lok Sabha on 24 April 2015 by then Minister of Law and Justice, D.V. Sadananda Gowda. The Bill sought to repeal 758 Appropriation Acts including 111 state appropriation acts enacted by Parliament between 1950 and 1976, and Railway Appropriation Acts enacted during 1950–2012.
The 2018 budget was considered to be a crucial one, [9] [10] [11] as it would be the first since the rollout of the Goods and Service Tax (GST) regime in India. [12] [13] [14] It was widely expected that the budget would either increase the exemption limit, or introduce a standard deduction for salaried people to reduce the tax burden, in addition to a reduction of the tax rate for the ₹ 5 ...
Thereafter, the question is put to the vote of the house. However, the motion for leave to introduce a finance bill or an appropriation bill is forthwith put to the vote of the house. [10] Money/appropriation bills and financial bills can be introduced only in the Lok Sabha per Articles 109, 110 and 117. The Speaker of Lok Sabha decides whether ...
A money bill is deemed to have passed both houses with any recommended amendments the Lok Sabha chooses to accept, and without any that it chooses to decline. The definition of "Money Bill" is given in Article 110 of The Constitution of India. A financial bill is not a Money Bill unless it fulfills the requirements of Article 110.
The Indian Appropriations Act is the name of several acts passed by the United States Congress.A considerable number of acts were passed under the same name throughout the 19th and early 20th centuries, but the most notable landmark acts consist of the Appropriation Bill for Indian Affairs of 1851 [1] and the 1871 Indian Appropriations Act.
A Consolidated Fund (Appropriation) Bill is brought in and passed at the end of the parliamentary year before the Summer recess. When passed, this is known as the Appropriation Act, and allocates the monies from the Consolidated Fund to the purposes set out in the main annual departmental expenditure estimates (the annual government department ...
The Finance Minister of India started speech by quoting "Madam Speaker, On this auspicious day of Vasant Panchami, I rise to present the Budget for 2017-18. Spring is a season of optimism. I extend my warm greetings to everyone on this occasion." [13] In his speech the Finance Minister of India, Arun Jaitley has quoted that the Agenda for 2017 ...