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BREAKING NEWS

Lok Sabha passes Finance Bill, completes budgetary exercise

25 Mar 2022
New Delhi, March 25 (IANS) The Lok Sabha on Friday approved the Finance Bill, thereby completing the budgetary exercise for fiscal year FY23.
The Bill was approved in the lower house by a voice vote, after 39 official amendments, moved by Union Finance Minister Nirmala Sitharaman, were accepted.
To sustain high growth rate, the Centre has earmarked a massive budgetary outlay of Rs 7.50 lakh crore for FY23.
In her Budget speech on February 1, 2022, Sitharaman proposed to increase the capital budget outlay by over 35 per cent year-on-year in FY23.

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(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)