On Wednesday, Indian Parliament approved Modi Government’s sixth and final Budget that gave an Income Tax rebate to those earning up to Rs 5 lakh, an annual cash dole of Rs 6,000 to small farmers and pension for unorganized sector workers.
The Appropriation Bills was passed by the Lok Sabha giving the authorization to the government of spending a certain amount till the next government presents the full budget for 2019-20 and the Finance Bill was passed after full debate. On Wednesday, which was the last day of the session, the Rajya Sabha passed the Bills without discussion.
During the 13-day Budget session, the opposition parties stalled proceedings daily over various issues, ranging from Citizenship Bill to Rafale jet deal in the Rajya Sabha.
On the last day, the political parties united to approve the Interim Budget and to show their gratitude to the President Ram Nath Kovind and thanked him for his presence adopting the Motion of Thanks to the joint sitting of Parliament at the beginning of the session without a debate.
Shiv Pratap Shukla, Minister of State for Finance passed both the Appropriation Bills and the Finance Bill that were approved by voice vote.
The Motion, expressing gratitude to the President Ram Nath Kovind for his address, was adopted after several amendments moved by opposition leaders were withdrawn.
Finance Minister Piyush Goyal in the Budget session slammed the opposition for trying to “belittle” PM Kisan Samman Nidhi which will provide Rs 6,000 yearly support to the small farmers. He said that those who live in palaces will not understand the importance of Rs 2,000 every four months.
Protesting the charge presented by the opposition against him that he has presented a full budget he said the Congress had in the 2014 Interim Budget reduced taxes on SUVs which are used by rich people.
“I want to assure the entire country and this House that we will protect the honest and punish the dishonest,” Goyal said.
Mr. Goyal assured the people that the NDA government is committed to the welfare of farmers, poor and middle class and that the middle class will not have to pay any tax on income up to Rs 9.5 lakh provided they invest in tax saving instruments and avail the benefit of increased tax rebate limit to Rs 5 lakh.
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