Question

Difference between money bil, and finace bill

Answer 1

Only those financial bills which contain provisions exclusively on matters are called money bills.Provisions are there regarding joint sitting of lok sabha and rajya sabha

Answer 2

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.