Question

Compare the powers of the two Houses of the Union Parliament with reference to the' Financial Powers'

Answer 1

Paeliament:it can frame new laws or modify the existing ones in the union list.no money can be spent without the approval of he lok sabha.in some cases the parliament can also pass laws on subjects under the state list.only he parliament can iniiate a bill to amend the constitution.Financial powera:the budget is presented to he parliament in the mane of the president.all maney bills are introduced in the parlianent with he presidents permission.the president can grant an advance from the contingency fund in case of an unforeseen expenditure.