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Finance Bill likely to be passed in Lok Sabha today as stalemate ends

CNN-IBN
Apr 30, 2013 at 10:17am IST

New Delhi: Despite the political deadlock over the coal scam, the key Finance Bill is likely to be passed in Lok Sabha on Tuesday. A temporary truce has been achieved between the government and the opposition to pass the money bills.

The crucial Finance Bill can't be delayed beyond Tuesday as per the rules. Government has to pass all money bills within 75 days of the Budget speech. After being passed in the Lok Sabha, the money bills will go to the Rajya Sabha and then to the President for his assent.

Main Opposition Bharatiya Janata Party will stage a walkout to register its protest leaving the ground open for the government to pass the crucial money bills.

Finance Bill likely to be passed in Lok Sabha today

BJP will stage a walkout to register its protest, leaving the ground open for the government to pass the crucial bills.

The stalemate ended on Monday after a meeting of floor leaders of various parties convened by Lok Sabha Speaker Meira Kumar. "All financial business will be taken up in Parliament tomorrow," Parliamentary Affairs Minister Kamal Nath told reporters after the meeting.

He dismissed suggestions that Parliament would be adjourned sine die after passage of financial business. "There is no talk of adjourning Parliament sine die (before May 10)," he said. Along with the Finance Bill, some other financial business pending include the Railway Budget and Demand for Grants of ministries.

"It is unfortunate that in the last five days Parliament did not run. I am optimistic and hopeful that the House will function," Nath had said before the Speaker's meeting. Both Houses of Parliament have faced repeated adjournments over the issue of coal scam and JPC draft report.

BJP is demanding the resignation of Prime Minister Manmohan Singh and Law Minister Ashwani Kumar on the issue of CBI's report to the Supreme Court on coal block scam. 15 JPC members of opposition parties have expressed "no confidence" in Chairman P C Chacko and have sought his removal by the Speaker on the 2G draft report, giving a clean chit to the Prime Minister and the Home Minister.

(With Additional Inputs From PTI)

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