Can someone please explain me about money bill
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- Essentially a Money bill has the following features: It can be introduced only in the Lok Sabha (lower chamber of the Parliament) The bill is placed in Rajya Sabha (Upper chamber of the Parliament) thereafter and Rajya Sabha can return the Bill with or without its recommendations.
- In a general sense, any Bill that relates to revenue or expenditure is a Financial Bill. A Money Bill is a specific kind of Financial Bill, defined very precisely: a Bill is deemed to be a Money Bill if it deals only with matters specified in Article 110 (1) (a) to (g).
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a general sense, any Bill that relates to revenue or expenditure is a Financial Bill. A Money Bill is a specific kind of Financial Bill, defined very precisely: a Bill is deemed to be a Money Bill if it deals only with matters specified in Article 110 (1) (a) to (g).
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