What is the procedure to pass a money bill and ordinary bill?
Tell in a little bit big form!
It's urgent!!
Answers
okay so ordinary bill originate in either house and sent to the other house to refer. if there is a disagrrement between the houses,there is a joint session but since lok sabha has more majority,it has more power on the final decision and also since the joint session is presided by speaker of lok sabha. once approved, it is signed by the president and becomes an act
with money bill which only originates in lok sabha, rajya sabha has not much power. they can keep the bill for 14 days max to review it but it cant reject or ammend the money bill. A money bill is deemed to have passed both houses with any recommended amendments the Lok Sabha chooses to accept, and without any that it chooses to decline so the lok sabha only has to 'accept the recommendations of the rajya sabha' and The Speaker of the Lok Sabha certifies if a financial bill is a Money Bill or not finally it is signed by the president to become an act provided he has given prior permission