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President gives assent to Finance Bill 2008

The Finance Bill contains provisions for direct and indirect taxes for fiscal year 2008-09, and was earlier approved by both the Houses of Parliament.

business Updated: May 10, 2008 23:19 IST

President Pratibha Patil on Saturday approved the Finance Bill 2008, which contains provisions for direct and indirect taxes for fiscal year 2008-09.

The Finance Bill was earlier approved by both the Houses of Parliament.

With the President giving her assent to the Finance Bill, the government completes the Budgetary exercise for 2008-09 that initiated with the presentation of the General Budget by Finance Minister P Chidambaram in Lok Sabha on February 29.