What is money Bill?
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Money Bill refers to a bill (draft law) introduced in the Lower Chamber of Indian Parliament (Lok Sabha) which generally covers the issue of receipt and spending of money, such as tax laws, laws governing borrowing and expenditure of the Government, prevention of black money etc.
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A money bill can be introduced only in Lok Sabha. The bill is then sent to the Rajya Sabha and it has to return the bill within 14 days. The upper house may suggest changes.
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