The Rajya Sabha on Monday approved the general budget including the Finance Bill and returned that to LokSabha as per procedure.
In view of the coronavirus outbreak, the Finance Bill 2020 could not be discussed in the Upper House. Earlier in the day, the Finance Bill, 2020, was passed by the LokSabha without any discussion as the House curtailed its sittings in the wake of the coronavirus outbreak.
The RajyaSabha also approved and returned the Appropriation Bill 2020-21 with voice vote. The Bill authorises the government to draw over Rs 110 lakh crore from the Consolidated Fund of India for its working as well as implementation of its programs and schemes. This completes the legislative exercise for approval of the Budget for 2020-21.
The Bill gives effect to the financial proposals of the central government for fiscal 2020-21. The Bill, with all the amendments moved by the government, was passed by the House.