Question

Lok sabha has more power about money bill' justify this statement.​

Answer 1

Yesterday, the opposition scored a minor, even if temporary victory, in the Rajya Sabha, when it recommended five amendments to be made to the Finance Bill 2017 passed by the Lok Sabha last week. The victory was shortlived as all the amendments were rejected by the Lok Sabha today and the Finance Bill 2017 was passed by the parliament thus completing the budgetary exercise for 2017-18. The Finance Bill was a Money Bill and the Upper House (Rajya Sabha) could not amend or reject this bill.

The passing of the Finance Bill (money bill) has sparked a controversy as it included 40 amendments which the opposition said could not be part of a money bill since they are not money matters. The Opposition said the government slipped several non-financial amendments into the Finance Bill because, being a money bill, it did not need approval of the Rajya Sabha, where the ruling NDA is in minority.

Read: Parliament approves Finance Bill 2017; Rajya Sabha amendments rejected

 

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Answer 2

Explanation:

The Lok Sabha exercises more powers than the Rajya Sabha:

(i) Any ordinary law needs to be passed by both the Houses. But if there is a difference between the two Houses, the final decision is taken in a joint session in which members of the Houses sit together. Since the Lok Sabha has a larger number of members, their view is likely to prevail in such a meeting.

(ii) The Lok Sabha exercises more powers in money matters. Once the Lok Sabha passes the budget of the government or any other money-related law, the Rajya Sabha cannot reject it. The Rajya Sabha can only delay it by 14 days or suggest changes in it. The Lok Sabha may or may not accept these changes.