What is money bill? How is it passed?
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If Lok Sabha accepts any of the recommendations of Rajya Sabha, the Money Bill is deemed to have been passed by both Houses with amendments recommended by Rajya Sabha and accepted by Lok Sabha and if Lok Sabha does not accept any of the recommendations of Rajya Sabha, the Money Page 5 Bill is deemed to have been passed
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ᴀ ᴍᴏɴᴇʏ ʙɪʟʟ ᴍᴀʏ ᴏɴʟʏ ʙᴇ ɪɴᴛʀᴏᴅᴜᴄᴇᴅ ɪɴ ʟᴏᴋ ꜱᴀʙʜᴀ, ᴏɴ ᴛʜᴇ ʀᴇᴄᴏᴍᴍᴇɴᴅᴀᴛɪᴏɴ ᴏꜰ ᴛʜᴇ ᴘʀᴇꜱɪᴅᴇɴᴛ. ɪᴛ ᴍᴜꜱᴛ ʙᴇ ᴘᴀꜱꜱᴇᴅ ɪɴ ʟᴏᴋ ꜱᴀʙʜᴀ ʙʏ ᴀ ꜱɪᴍᴘʟᴇ ᴍᴀᴊᴏʀɪᴛʏ ᴏꜰ ᴀʟʟ ᴍᴇᴍʙᴇʀꜱ ᴘʀᴇꜱᴇɴᴛ ᴀɴᴅ ᴠᴏᴛɪɴɢ. ꜰᴏʟʟᴏᴡɪɴɢ ᴛʜɪꜱ, ɪᴛ ᴍᴀʏ ʙᴇ ꜱᴇɴᴛ ᴛᴏ ᴛʜᴇ ʀᴀᴊʏᴀ ꜱᴀʙʜᴀ ꜰᴏʀ ɪᴛꜱ ʀᴇᴄᴏᴍᴍᴇɴᴅᴀᴛɪᴏɴꜱ, ᴡʜɪᴄʜ ʟᴏᴋ ꜱᴀʙʜᴀ ᴍᴀʏ ʀᴇᴊᴇᴄᴛ ɪꜰ ɪᴛ ᴄʜᴏᴏꜱᴇꜱ ᴛᴏ.
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