Question

How money bill become law or act ????

Answer 1

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A Bill is the draft of a legislative proposal which has to pass through various stages before it becomes anAct of Parliament. The legislative process starts with the introduction of a Bill in either House of Parliament-Lok Sabha or Rajya Sabha. A Bill can be introduced either by a Minister or by a Private Member.
The legislative process begins with the introduction of a Bill in either House of Parliament, i.e. the Lok Sabha or the Rajya Sabha. A Bill can be introduced either by a Minister or by a private member. ... Money/Appropriation Bills and financial bills can be introduced only in Lok Sabha per Articles

How does a bill become a law in the Indian parliament?

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5 ANSWERS



Manohar Reddy, studied Electrical and Electronics Engineering & Law

Updated Sep 23

Any Bill with the assent of president will become law it’s simple but not that simple it looks

What are bills??

A bill is a proposal for legislation and it becomes act or law when enacted.We have LEGISLATIVE Procedures in both the Houses of Parliament. Every bill has to pass in each house.

Bills introduced in parliament are of two kinds:

Public bills and private bills though both are governed by same procedure and pass through the same stages in the house,they differ in various respects

The bills introduced in parliament are of 4 categories

1.Ordinary bills-which concerned with any matter other than financial subjects.

2. Money bills-financial matters like taxation, public expenditures

3. Financial bills- different from money bills

4.Constitution amendment bills

Constitution of India has laid down separate procedures for enactment of all the four types of bills.

An ordinary bill can be introduced in either House of Parliament either by a minister or private member(not a minister) The printed copies of the bill introduced for First Reading.The introduction of the bill and it’s publication in Gazette constitute the first reading of the bill.

Second Reading bill receives detailed scrutiny and assumes it’s final shape,this stage involves three more sub stages General discussion, Committee stage and consideration stage .


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Answer 2

heya..

here is your answer..

A money bill is a particular type of financial bill that, broadly, deals either with taxation, the financial obligations of the government, or the Consolidated Fund of India.

The legislative process involved is very similar to that of ordinary bills — the differences give the Lok Sabha more authority, help avoid deadlocks, and minimize delays.

For instance, such a bill can only be introduced in the Lok Sabha, and if the Rajya Sabha takes more than 14 days to decide upon it, it is deemed to have been passed by both houses.

it may help you..