Social Sciences, asked by ajmel, 5 months ago

What do you mean by Financial Bills? *

Money Matters
Money Matters And Non-Money Matters
All Subject Matters​

Answers

Answered by ItzVash003
0

Answer:

because of Money Matters

Explanation:

a bill of exchange drawn usually by one bank on another bank for the purpose of transferring funds as a result of loans or for temporarily procuring money by discounting the bill. 2 : a legislative act to provide the necessary funds for the public treasury : a revenue bill — compare money bill.

Answered by Anonymous
1
Article 110 defines the Money bill.

A bill is considered as a Money bill if it contains only provisions dealing with all or any of the following matters: sub clauses of Article 110 clause (1)

(a) Imposition, abolition, remission, alteration, regulation of any tax

(b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India;

(c) The custody of the Consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund;

(d) The appropriation of moneys out of the Consolidated Fund of India;

(e) The declaring of any expenditure to be expenditure charged on the Consolidated Fund of India or the increasing of the amount of any such expenditure;

(f) 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; or

(g) Any matter incidental to any of the matters specified in sub-clauses (a) to (f).

"Financial" Bills:
Financial bills are those bills that deal with fiscal matters, that is, revenue or expenditure. However, the Constitution uses the term ‘financial bill’ in a technical sense. Financial bills are of three kinds:
1. Money bills
2. Financial bills (A)
3. Financial bills (B)

So yes, All Money bills = Financial bills but all Financial bills ≠ Money bills.

Financial Bills can be further classified as Financial Bills Categories A and B. Category A Bills contain provisions dealing with any of the matters specified in sub-clauses (a) to (f) of clause (1) of article 110 and other matters.
Category B Bills involve expenditure from the Consolidated Fund of India i.e a bill dealing exclusively with sub-clause (c) of article 110 clause (1) and then other matters (not related to 110).

Other differences can be noted from answers below, like how they are passed and who declares which bill is Money/financial etc.

This answers the question.

Now, "Finance" bill is one very particular case of a Financial bill and is passed only when the Budget comes into picture. You can read everything about it in the answers below.
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