4 differences between money and financial bill
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Key differences between Money bill and financial bill :
The following points describe the fundamental differences between money and financial bill ::-
EXPLAIN:- A bill is considered as a money bill, which solely deals with the matter's prescribed in Artical 110 clause 1 of the constitution.A financial bill is a bill proposed in the parliament that contains provision relating to reverse and expenses.
ANSWER:-
- A money bill is more like a government bill, while a finance bill is form of the ordinary bill.
- Only those finance bills which carry speaker's certification is termed as a money bill, and the rest are financial bill.
- A money bill can be introduced in Lok Sabha only. On the other hand, a financial bill of category A can be orginated in Lok Sabha and category B can be introduced in either house of Parliament.
- In the case of a money bill is there is no provision regarding joint sitting. On the country, when we talk about finance bill, there are certain provision concentrating joint setting of Lok Sabha and Rajya Sabha.
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