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<h1>Finance Act 2008 Implements Central Government's Financial Proposals for Fiscal Year 2008-2009, Effective from April 1, 2008.</h1> The Finance Act, 2008, enacted by the Parliament of India, implements the Central Government's financial proposals for the fiscal year 2008-2009. It is officially titled the Finance Act, 2008, and specifies that, unless stated otherwise, sections 2 to 67 are effective from April 1, 2008.