Using Finance Bill to amend non-financial laws is not proper

, India now has a system of limitless, opaque, corporate political funding in place

Business Standard Editorial Comment 

Last week, the Lok Sabha passed the Finance Bill, 2017, and it will go to the Rajya Sabha, but as it is a “Money Bill” the Upper House cannot reject it or even force any amendments. The government proposed several additional amendments to the Bill, which in total change over 40 other existing laws. Many of these amendments are to pass legislation in which the issue being addressed is not financial in nature. It is a basic pillar of India’s constitutional set-up that such laws also receive the approval of the Rajya Sabha, but by tacking them on to the Finance Bill, the ...

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Using Finance Bill to amend non-financial laws is not proper

, India now has a system of limitless, opaque, corporate political funding in place

, India now has a system of limitless, opaque, corporate political funding in place Last week, the Lok Sabha passed the Finance Bill, 2017, and it will go to the Rajya Sabha, but as it is a “Money Bill” the Upper House cannot reject it or even force any amendments. The government proposed several additional amendments to the Bill, which in total change over 40 other existing laws. Many of these amendments are to pass legislation in which the issue being addressed is not financial in nature. It is a basic pillar of India’s constitutional set-up that such laws also receive the approval of the Rajya Sabha, but by tacking them on to the Finance Bill, the ... image
Business Standard
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