Question

What is the difference between money bill and finance bill in hindi?

Answer 1

1) Only those financial bills which contain provisions exclusively on matters listed in article 110 of the constitution are called Money Bills. On this basis, a bill is money bill if: It results in imposition, abolition, remission, alteration or regulation of any tax at union or state level but NOT at local level.

Answer 2

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.