the bill can broadly be categorised as ordinary and money bills, explain them with full explanation
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The bill can broadly categorised as:
- Ordinary bill
- Money bill
1. Ordinary bill
- All the bills other than Financial Bills.
- Money bills and the Constitutional Amendment Bills are Ordinary bills.
2. Money bill
- Money bills is defined in Art.110 of the Constitution.
- These are : imposition, abolition, remission, or regulation of tax.
- The procedure to pass a Money Bill in Parliament is a key provision limiting the powers of Rajya Sabha compared to Lok Sabha.
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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.
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