Question

explain the finincial power of lok shaba

Answer 1

Bill is introduced in loksabha and rajya sabha has to pass it within 14 days . In case bill fails to pass within 14 days from rajya sabha , bill is considered to be passed and automatically goes to President of India

In case of any dispute between both houses of parliament , related to bill passed by loksabha speaker of loksabha has final decision making power over the bill. No financial decisions can be done without the consent of loksabha.

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Answer 2

A financial bill can only be introduced in loksabha and rajya sabha has to pass it within 14 days . In case bill fails to pass within 14 days from rajya sabha , bill is considered to be passed and automatically goes to President of India for signature.

In case of any dispute between both houses of parliament , related to bill passed by loksabha ( for finance) , speaker of loksabha has final decision making power over the bill.

No financial decisions can be done without the consent of loksabha.