New Delhi, March 30: The Lok Sabha on Thursday rejected amendments to Finance Bill.
Finance Minister Arun Jaitley had moved the Bill in Lok Sabha for consideration after Rajya Sabha returned the bill with five amendments on Wednesday.
The Bill, being a money bill, will now go to the President for approval before becoming law.
Finance Minister Arun Jaitley in the lower house, where ruling BJP is in majority, said he cannot accept the amendments suggested by the Rajya Sabha to the Finance Bill.
Replying to a short debate on the amendments in the Lok Sabha, the Minister said: I can’t accept five amendments suggested by Rajya Sabha to the Finance bill.
Embarrassing the government, the Rajya Sabha on Wednesday suggested five amendments in the Finance Bill and returned it to the Lok Sabha.
The government had moved as many as 40 amendments in the Finance Bill, that were added to the bill at the last moment.
The Bill, was passed by Lok Sabha last week, was moved for passage in the Rajya Sabha on Monday.
The upper house discussed the bill for over five hours spread across two days with the Congress and other opposition parties taking exception to several provisions of the Finance Bill, stating that the government had sought to amend 40 laws in one go.
Congress member Digvijaya Singh moved amendments to three clauses of the Bill and these were adopted after division, to the discomfiture of the treasury benches.
Communist Party of India-Marxist leader Sitaram Yechury also moved two amendments which were also adopted after division.
The BJP-led government does not not have a majority in the Rajya Sabha.
The Bill was returned to the Lok Sabha that will consider the amendments moved by the upper House.
As per the provisions of article 109 of the Constitution, the Rajya Sabha has limited powers with respect to money bills, with the Lok Sabha free to either accept or reject all or any of its recommendations.
Other than Finance bill, the Footwear Design and Development Institute Bill, 2017, and Repealing and Amending Bill, 2017 is scheduled to come up for consideration and passage in the Lower House today.
In Rajya Sabha, Appropriation Railways Bill, 2017 and Appropriation Railways Number 2 Bill, 2017 will also be taken up for consideration and return.
Health Minister J.P. Nadda will move the amendments made by Lok Sabha in the Mental Healthcare Bill, 2016, for consideration in the Upper House.