Question

what are the different stages for passing the bill? how is a money bill different from an ordinary bill?​

Answer 1

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.

Answer 2

Answer:

1 The imposition, abolition, remission, alteration or regulation of any tax

2 The regulation of the borrowing of money by the Union government

3 The custody of the Consolidated Fund of India or the contingency fund of India, the payment of money into or the withdrawal of money from any such fund

4 The appropriation of money out of the Consolidated Fund of India

5 Declaration of any expenditure charged on the Consolidated Fund of India or increasing the amount of any such expenditure

6 The receipt of money on account of the Consolidated Fund of India or the public account of India or the custody or issue of such money, or the audit of the accounts of the Union or of a state