Finance Bill expected to be passed by Parliament on July 28

NEW DELHI: Fast tracking the budgetary exercise, Parliament is expected to pass the Finance Bill by July 28.

The Finance bill, whose passage signals the end of the budgetary exercise, is coming up for discussion in the Lok Sabha on July 24 and 25, Minister of State for Parliamentary Affairs Prakash Javadekar told reporters.

He said that after that the Finance bill would go to Rajya Sabha where the exercise will be completed by July 28.

In the Lok Sabha, the demands for Ministry of Environment and Forest will be taken up for discussion tomorrow and that of Surface Transport Ministry a day after for scrutiny.

The Union Budget 2014-15 was presented in the Lok Sabha on July 10. Today, the Lok Sabha suspended a rule of procedure and conduct of business to take up the discussion.

The rule suspended was one relating to sending the demands for grants to the concerned Standing Committees as they have not yet been constituted.

The Budget has to be cleared before July-end as the Votes-on-Account taken before Lok Sabha elections will expire by July-end.