Explain the procedure of passing of a money bill as well as an ordinary bill with the help of examples and pictures.
Answers
Answer:
Explanation:Money bills passed by the Lok Sabha are sent to the Rajya Sabha (the upper house of parliament, elected by the state and territorial legislatures or appointed by the president). The Rajya Sabha may not amend money bills but can recommend amendments. In this way money bill is passed.
An ordinary bill can be introduced in either house — Lok Sabha or Rajya Sabha (unlike a finance bill). It then has to be approved by both houses, and signed by the President.In this way ordinary bill is passed.
Hope you liked it.......
Answer:
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.