compare the power and function of lok sabha in relation to money bill and non money bill
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A bill deemed to be money bill if it contains “only provisions dealing with imposition, abolition, remission, alteration or regulation of any tax”. An Ordinary Bill can be introduced in any of the Houses of Parliament while money bill can only be introduced in the Lok Sabha.
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Process regarding non-money bills where a joint committee of both the Houses is to be called to settle money matters. Lok Sabha got absolute powers. and it possesses more financial powers as compared to Rajya Sabha. Money should be introduced in Lok Sabha and that on recommendation of the President.
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