Question

Explain money bill. How is it passed in the parliament?​

Answer 1

Money bill deals with money matters like taxes, income, borrowing grants etc.

“A Money bill” is introduced only in the Lok Sabha. It goes through three readings.

(a) When Lok Sabha passes it, it goes to the Rajya Sabha.

(b) The Rajya Sabha cannot reject it, but it can make suggestions only, which the Lok Sabha may not accept.

Then the Bill is deemed to have been passed and sent to the President who gives it his assent.

Answer 2

Answer:

I hope it is helpful for u