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Finance Bill-Rail Budget passed-No wealth tax for farms

New Delhi, Apr 30 () : Finance bills including the Railway budget were passed without discussion since the BJP, Left and other parties, walked out of Lok Sabha, charging the UPA government of involvement in one scam after another and that they would not support the Finance Bill and the Railway Budget.

To avoid a constitutional crisis, leaders of opposition parties yesterday agreed to allow the bills to be passed without discussion. This was decided at the business advisory committee. Finance minister P Chidambaram withdrew the 1% wealth tax on farm lands. Income from farm lands are exempted from income tax.

Accordingly Speaker Meira Kumar announced that the money bills would be passed without discussion. She said that on April 23 , the budget discussion was to start but now there is very limited time for completion of the financial business. In view of this , the Finance Bill, Appropriations Bills, Demand for Grants and the Rail Budget were passed without discussion.

TMC Sougata Roy and some leaders of parties said the business rules did not permit passage of finance bills and demand of grants without discussion.

To quell the protests, Speaker Kumar allowed Leader of Opposition Sushma Swaraj to speak. Her speech was full of the various scams of UPA and said it was creating records. This was the reason for one week stand-off in Parliament. This was the duty of the opposition to expose the corruption. Congress does not want the opposition to raise these issues and is interested only in shielding the PM and Law Minister. She led the walkout followed by BJP and Shiv Sena members.

DMK , AIADMK , JD(U), TMC, BJD, TDP, CPM , CPI, FB and RSP staged walkouts after their party leaders spoke against the UPA. Sushma Swaraj seemed to be upset at the charge that this Lok Sabha conducted the least business. She said the PM was saying that because of Opposition tactics in Parliament, India has become a laughing stock globally. She said all these were due to the doings of UPA. 

Heeding to pressure from many States, FM decided to withdraw the wealth tax of 1 % on farm lands coming within 8 km radius of the urban area. Most of farm lands in Noida (near Delhi and in Haryana) were nothing but resorts or guest houses of the rich.

Under this guise they did not pay any tax of any kind and enjoyed free power and water connections. These farm houses have often been in news for a shoot out and criminal conspiracy. Predictably Haryana CM Hooda made a big noise and extracted a promise from FM.