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Lok Sabha passes Finance Bill amid ruckus by Opposition

FM proposes panel to look into issues related to pension of govt employees

Nirmala Sitharaman FM Nirmala Sitharaman | PTI

Lok Sabha proceedings resumed on Friday after it was adjourned till 12 noon. Amid ruckus by Congress MPs, the Finance Bill 2023 was passed in the Lok Sabha.

The Bill was moved by Finance Minister Nirmala Sitharaman in the Lok Sabha for consideration amid the noisy protests by the opposition. The Finance Bill was passed with several official amendments.

While moving the Finance Bill 2023 in the Lok Sabha for consideration and passage, the minister also said the RBI will look into the issues related to credit cards payments for foreign tours not being captured under Liberalised Remittances Scheme (LRS).

“The Finance Bill has brought in 10 main provisions helpful for the middle-class and community as a whole and do ease of business. The 11 new ones that are brought in now with the stakeholders consultations that has helped to improve the Finance Bill better in the community,” said FM.

The minister further said it has come to notice that payment for foreign tours through credit cards are not being captured under LRS and such payments escape tax collection at source.

"RBI is being requested to look into this with a view to bring credit card payments for foreign tours within the ambit of LRS and tax collection at source there on," she said.

Panel to look into pension issues

FM also proposed for setting up a committee under the Finance Secretary to look into the issue of pension schemes for government employees. The FM also pointed out that the The National Pension System for the government employees needs to be improved. “I propose to set up a committee under the Finance Secretary to look into the issue of pensions and evolve an approach that address the needs of the employees in maintaining system prudence," said FM in the Lok Sabha.

Meanwhile, Congress MPs demanded that Rahul Gandhi should be given opportunity to speak and clarify his stand on his 'democracy is under attack' remark in London.

With the sloganeering continuing, the House got adjourned till Monday.

Meanwhile, after the Surat court's conviction, Congress MP Rahul Gandhi appeared in the Parliament for the session.

Congress leader Rahul Gandhi attended meeting of Congress MPs at the party office in the Parliament premises.

Party national president Mallikarjun Kharge and UPA chairperson Sonia Gandhi was present in the meeting.

Congress also called a meeting of its steering committee members, Pradesh Congress Committee presidents, Congress Legislative Party leaders and Frontal Organisation Chiefs in the evening. Party president Kharge will preside over the meeting.

According to reports, the party meeting is being organised to discuss the "recent political developments".


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