Centre gets Lok Sabha nod to withdraw Rs 98.18 lakh crore from consolidated fund

Economy


NEW DELHI: The Lok Sabha on Wednesday passed a bill allowing the central government to withdraw ?98.18 lakh crore from the consolidated fund to meet its expenditure during 2019-20.

The House approved Appropriation (No. 2) Bill 2019, after the demands for grants for several ministries were collectively put to vote and passed by applying guillotine. The bill, moved by finance minister Nirmala Sitharaman, was passed by a voice vote.

The minister is scheduled to move the Finance Bill 2019, containing tax proposals of the government for the fiscal, for passage in the lower House on Thursday. The budgetary exercise for 2019-20 will be completed with the passage of the Finance Bill by Parliament.

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