Finance Bill 2023: Finance Bill passed in Lok Sabha amid huge uproar, a panel will be formed for pension issue

The Finance Minister on Friday introduced the Finance Bill, 2023 in the Lok Sabha to give effect to the financial proposals of the Central Government for the financial year 2023-2024. The Finance Bill 2023 was passed in the Lok Sabha amid huge uproar. During this, sloganeering continued from the opposition side. Lok Sabha proceedings lasted for 45 minutes amid sloganeering and the lower house passed the Finance Bill.

Nirmala Sitharaman proposed to set up a committee to look into issues related to pension for government employees during the discussion on the Finance Bill 2023. Responding to the discussion on the Finance Bill, he said that credit card payments for foreign visits have not been captured under LRS. He said that RBI has been asked to look into the matter.

It is noteworthy that the Lok Sabha had passed the Appropriation Bill 2023 a day earlier on Thursday. The Appropriation Bill was passed by the Lok Sabha amidst the continuing deadlock in the Parliament. Along with this, the Lok Sabha has also given its approval to the demands for grants of different ministries. Lok Sabha proceedings were adjourned till 11 am on March 24 after the motion for the Appropriation Bill and Demands for Grants was passed.