'The Finance Bill, 2022' passed in Lok Sabha – Moneycontrol

The Lok Sabha on March 25 passed the Finance Bill 2022.

March 25, 2022 / 05:30 PM IST

(Representative image: PTI)

The Lok Sabha on March 25 passed the Finance Bill 2022.

Finance minister Nirmala Sitharaman introduced the Finance Bill, 2022 in Lok Sabha on March 24 that proposed two important adjustments to direct taxes as part of a rate rationalisation plan for associations of persons and dividends received by firms.

The proposed bill also aims to outlaw publishing of transaction-level information submitted to the customs department by businesses, to prevent such information from being utilised by international entities and hostile countries to the detriment of Indian firms.

Meanwhile, the opposition members on Friday made a strong demand in Lok Sabha to rein in rising fuel prices and accused the government of putting the people to difficult times soon after the elections were over.

Initiating the discussion on the Finance Bill in the Lok Sabha, Congress member Gaurav Gogoi said the government had kept the prices of petrol, diesel and cooking gas stable for a month and increased them thrice after the elections.

“Fuel prices have increased for the third time and jingoism is the only antidote this government is offering to the poor. Whether there is record unemployment, high inequality, or inflation, people are expected to put all their faith in the supreme leader,” Gogoi said.

Trinamool member Satabdi Roy said the poor of the country were not bothered about the Finance Bill but were keen to know when the prices of petrol, diesel and cooking gas would reduce.

NCP leader Supriya Sule said the BJP rode to power on the slogan against inflation and it was time to remind the ruling party of its campaign against corruption.

“Even my mother used to tell me back then that prices of essential commodities were too high and it may affect the then government adversely. After many years, she is telling me again that inflation is rising,” Sule said.

(This is a developing story. Check back for more details.)

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