Question

Financial powers of the union Parliament​

Answer 1

FINANCIAL POWERS :-

A Money Bill can originate in the Lok Sabha only. After a Money Bill is passed by the Lok Sabha, it is sent to the Rajya Sabha for its recommendations, which it must make within 14 days. In financial matters the Rajya Sabha has only an advisory role.

No tax can be imposed or money spent by the government without the approval of the Parliament. In the matters of the finance the Lok Sabha enjoys more powers than Rajya Sabha.

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Answer 2

Answer:

here is ur answer mate

Explanation:

Three Financial Powers of the Union Parliament are: (i) It passes the Union Budget. (ii) It can make supplementary grants if the amount authorised is insufficient. (iii) If the Budget is not Passed before April 1, then there would be no money for the executive to spend.

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