Question

what is the financial power of the union parliament??

Answer 1

it can suggest a change in the bill but can pass an order

Answer 2

Term ‘Parliament’ embraces many differing assemblies like the United States Congress, the State Duma of Russia, the Japanese Diet, the Knesset of Israel and the Sansad in India. Constitution provides for three organs of government: Legislature, Executive, and Judiciary. Parliament is the supreme legislative body; it consists of President and two houses: Lok Sabha (House of the People) and Rajya Sabha (Council of States). It makes laws on Union List and Concurrent List and exercises control over National Finance. President is the head of the state. Vice President of India is the ex-officio chairman of the Rajya Sabha. Lok Sabha is headed by y a Speaker. Parliament also makes laws on State subjects during a national emergency. President has the power to issue ordinances between two sessions of Parliament. Parliament passes an annual budget for coming financial year. It also controls executive by asking questions and bringing Attention Motions. Parliament can do amendment in provisions of Constitution with a simple majority. Articles of Constitution can be amended only by absolute majority (the 2/3rd majority of members). Parliament possesses the right to remove President, Judges of Supreme Court, High Courts, Election Commissioner and Comptroller and Auditor General from through a special procedure called impeachment. Parliament elects President and Vice- President. Electoral College for the election of the President consists of Rajya Sabha and Lok Sabha members and Members of State Legislative Assemblies (MLAs). Prime Minister and Cabinet Ministers and the majority of Council of Ministers are all members of the government. Money Bills and budget can only be introduced and passed in Lok Sabha. If ruling party government introduces any policies against people, the opposition party in Lok Sabha can bring a No-Confidence Motion. Lok Sabha is accountable to the people; it brings awareness among them about parliamentary affairs. Rajya Sabha is a permanent House. Members of Rajya Sabha act as representatives of States and Union Territories (Delhi and Puducherry) in Parliament. In matters of the ordinary bill, Rajya Sabha enjoys only revisory powers.