The Finance Bill has been passed by the Lok Sabha on Wednesday, marking a key step in implementing the Central Government’s Budget proposals for the fiscal year 2026–2027. Finance Minister Nirmala Sitharaman had moved the bill in the House on Monday. A Finance Bill is a key legislative step that will give legal backing to the proposals announced in the Union Budget. The Finance Bill will now bring into force changes in income tax rates, duties and other levies, directly affecting how much individuals and businesses pay to the exchequer. The provisions are expected to shape citizens’ disposable income, savings and investment returns, among other measures.