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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 ...
A money bill must be returned to the Lok Sabha within 14 days, or the bill is deemed to have passed both houses in the form it was originally passed by the Lok Sabha. When a Money Bill is returned to the Lok Sabha with the recommended amendments of the Rajya Sabha, it is open to the Lok Sabha to accept or reject any or all of the recommendations.
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.
In the Parliament of India, every bill passes through following stages before it becomes an Act of Parliament of India: [4] First reading – introduction stage: Any member, or member-in-charge of the bill seeks the leave of the house to introduce a bill. If the bill is an important one, the minister may make a brief speech, stating its main ...
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 ...