What is the procedure for Money Bill and
its approval
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A Money Bill has to be introduced in the Lok Sabha as per Section 110 of the Constitution. Then, it is transmitted to the Rajya Sabha for its recommendations. The Rajya Sabha has to return the Bill with recommendations in 14 days. However, the Lok Sabha can reject all or some of the recommendations.
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a money bill can be introduced in ok saha by the speaker itself also. then the bill should be approved by the 2/3rd of the total members of the parliament or by the absolute majority of the total
members both present and voting. The the bill is forwarded to the president of India to gain his approval.
then only the ill is passed
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