A petition has been filed in the Supreme Court seeking the quashing of the interim Budget with the main contention being that there is no provision in the Constitution for such a mechanism, reports Times of India.
The petitioner, advocate Manohar Lal Sharma, argues that the Constitution only allows for a full annual Budget and vote-on-account.
A vote-on-account is used in election years to approve government spending for a limited time frame after which a full-scale annual budget is presented by the new government elected in the elections.
The interim Budget was presented before lawmakers in the Lok Sabha yesterday (1 February 2019) by Finance Minister Piyush Goyal; a number of financial incentives were revealed for the middle class as well as farmers.
The petitioner, opposing the interim Budge, has a past history of filing frivolous litigation. In December 2018, a cost of Rs 50,000 was imposed on Sharma by the apex court after he filed a public interest litigation targeting then finance minister Arun Jaitley in a matter connected with capital reserves of the RBI.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.