62. Money Bill is finally determined by______.
Answers
Answer:
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Answer:
Money Bill is finally determined by the Speaker of the Lok Sabha .
Explanation:
If a bill only contains clauses pertaining to taxes, government borrowing, and withdrawals or deposits into the Consolidated Fund of India, it is referred to as a money bill. Also considered money bills are bills that solely have provisions that are ancillary to these topics.
- Either House of Parliament may introduce a bill.
- A Money Bill, however, cannot be introduced in the Rajya Sabha.
- Only the President's previous recommendation for introduction in Lok Sabha is required for its introduction.
If there is any doubt regarding whether a bill is a money bill or not, the Speaker's decision is definitive. A money bill is one that the Speaker certifies to be so, and the Speaker's judgement cannot be contested.
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