Financial Bill passed by Lok Sabha by voice vote

Financial bill is a bill in which matters other than financial nature are also included and the provisions relating to the financial bill are envisaged in Article 117 of the Indian Constitution. It is also described as a to which provisions of general legislation have also been added. It may deal with the subjects of money bills but also include other matters too. 

Further two conditions have been laid in the Constitution of India: 

  1. It can’t be introduced in the
  2. It can be moved only on the recommendation of

However, no such recommendation is required when the proposal is for abolition or reduction of tax. Further, the intent behind the recommendation is to ensure the responsibility of the President for the action of

The Financial Bill, 2020 was passed without any discussion by the of the without any due deliberation because of the rising need of finance and due to the outbreak of .

The Union government described the situation further, the amendments that were raised in the house by the opposition were ignored and the tabled for the passing of the bill.

The parliamentary procedure of “voice vote’’ was made use of in which the votes of the members are taken orally on the motion. Though the had to face hullabaloo from the opposition. The estimated for 2020-21 was 12.7% more than the last . The expected growth rate of the Gross Domestic Product(GDP) is estimated at 10%. Further, the NRI’s deriving income above 15 lakhs from the Indian businesses will come within the tax slab now. The Parliament was adjourned sine die.

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