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.

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

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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.