Finance Bill 2016 Saw President and blushed into Finance Act 2016
SATURDAY 14th May 2016 was a busy day for the Finance Ministry, for that was the last day on which the Finance Bill 2016 had to be enacted. The Government sailed through the still waters of the Lok Sabha and the rough waters of Rajya Sabha to reach the Rashtrapati Bhavan just in time. The Finance Act 2016 came into existence on 14th May 2016 and silently slipped into history unsung unheard. For some strange reason, the Government does not give too much publicity to such State Secrets.