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    <title>SYNOPSIS OF DEBATES - THE FINANCE (NO.2) BILL, 2009 - dated 24-7-2009</title>
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    <description>The Finance (No.2) Bill, 2009 debates call for comprehensive tax reform including statutory limits on executive discretion, simplification of tax procedures such as PAN compliance, rejection of retrospective amendments affecting book profit computations, and enhanced procedural safeguards. The proceedings stress revenue composition concerns-growing non tax receipts and unequal sharing of natural resource accruals-and urge stronger centre state fiscal devolution and borrowing flexibility. Speakers press for targeted fiscal measures for disaster relief, agriculture, NREGA, environmental conservation and progressive taxation to address inequality, alongside institutional reforms of the Finance Ministry and Planning Commission.</description>
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