JAKARTA (Reuters) - Indonesia's parliament has approved a bill to relocate the nation's capital from Jakarta to Kalimantan on Borneo, House Speaker Puan Maharani said on Tuesday.

       The new state capital law, which provides a legal framework for President Joko Widodo's ambitious proposal, stipulates how development of the capital will be funded and governed.

       (Reporting by Agustinus Beo Da Costa; Writing by Kate Lamb; Editing by Martin Petty)