May 8, 2015 2:42:15 am
Opposition parties in Rajya Sabha on Thursday accused the government of introducing non-money aspects like Foreign Exchange Management Act and Prevention of Money Laundering Act , which have provisions of criminal proceedings, in the Finance Bill.
When the House took up Appropriation Bill, 2015, and Finance Bill 2015, K N Balagopal of CPI(M) opposed the move saying laws enacted independently — Forward Contracts Regulation Act, Securities Contracts Regulation Act, FEMA and PMLA — were being amended and clubbed with the Finance Bill. Finance minister Arun Jaitley countered Opposition and said even the I-T Act, which has provisions for criminal prosecution, is a Money Bill. “This House cannot discuss the ruling of the Speaker directly or indirectly, and they (Opposition) are trying to do that,” Jaitley said.
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