New Delhi: The Lok Sabha yesterday passed the Finance Bill, 2014 by a voice vote with which the legislative proposals notably on direct and indirect taxes proposed in the national budget for this fiscal can now become effective formally.
The bill was passed after Finance Minister Arun Jaitley gave his reply to the debate on the budget, assuring the house that the measures he has outlined will create more jobs, generate economic activity and achieve higher growth, without burdening the people.
“Our’s is not a high-tax government,” the finance minister said. “A high tax government cannot promote business activity, since it will make domestic products non-competitive.
IANS
