Finance Bill, 2017: Rajya Sabha Review Underway
1 report, 1 independent
Updated Sep 25
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What happened
The Finance Bill, 2017, is currently being discussed in the Lok Sabha. The Bill is generally passed as a Money Bill because it gives effect to tax changes proposed in the Union Budget. This bill proposes amendments to several laws, including the Securities Exchange Board of India Act, 1992, and the Payment and Settlements Act, 2007.
From legallyindia.com
Why it matters
The Finance Bill seeks to introduce structural changes such as creating a payments regulator and changing the composition of the Securities Appellate Tribunal. The Bill also proposes replacing certain tribunals and transferring their functions to existing bodies.
From legallyindia.com
Who's involved
- Rajya SabhaUpper house of the Indian Legislature currently reviewing the financial legislation.
- parliamentThe overall legislative body of the government.
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The entities involved
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Rajya Sabha
Upper house of Indian Legislature