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Finance bill passed in LS; Cess on petrol, diesel stays

Finance Minister Nirmala Sitharaman on Thursday asserted her Budget proposals are aimed at improving ease of living and reducing pain of citizen, even as she did not accept the opposition demands of withdrawing cess on petrol-diesel and 2 per cent TDS on cash withdrawal.
Replying to the discussion in Lok Sabha on Finance Bill (2) 2019, which contains tax proposals for the current fiscal, the Minister said various initiatives in the Budget seek to promote a less-cash economy. Lok Sabha later passed the Finance Bill, after approving more than two dozen official amendments, by voice vote, thus completing the Budgetary exercise for 2019-20 in the Lower House.