The Payment and Settlement Systems Act, Black Money Act, Income-Tax Act, Finance Act 2015, Finance Act 2004 and Benami Act are among the seven direct taxation laws that are being amended in the Bill.
It also provides for constitution of a Reserve Fund, where 25 per cent of the annual surplus of the General Fund in any year has to be credited.
The Finance Bill amendment replaced "an account" to "one or more accounts".
The definitions were brought in the form of amendments to the Finance Bill, 2019, in the Lok Sabha, which was later approved by the House by a voice vote.
The Finance Bill has raised the surcharge on the super rich the top-end of the income brackets -- for incomes between Rs 2 crore and Rs 5 crore.
Finance Bill passed in Lok Sabha, Sitharaman says budget proposals aimed at improving ease of living
Several members have asked the government to reduce hike in customs duty on newsprint saying it would badly hurt the small and medium newspapers.
The importance and focus on the National Pension Scheme by GoI is evident with the separation of NPS trust from the PFRDA structure,” ICRA noted in its comments on Budget.
A vote-on-account till July 31 was passed by both Houses in February.
The top court reserved its verdict on a batch of pleas challenging the constitutional validity of Finance Act, 2017 on the ground that it was passed by the Parliament as a money bill.
Chairman M Venkaiah Naidu in his customary address at the close of the session rued that precious time of the House was lost in protests, stalling proceedings.
The Interim Budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House after a broad consensus was arrived among political parties to pass them without debate.
The interim Finance Minister also said that unlike the previous UPA dispensation, the Modi government in its interim budget did not reduce levies of SUVs which are used by rich persons.
The government proposes to allow premature closure of Public Provident Fund accounts and permit opening of small savings accounts in the name of minor, the finance ministry said today.