write 4 Exclusive power of Lok Sabha in case of financial matters.
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Explanation:
The power of the House of the People are as under.
(1) Legislative Powers: Main function of fthe House of People is framing of Laws. As per the Constitution, powers of House of People and Council of States are equal in respect of framing of laws but in practice the House of People is more powerful. Generally all important bills are presented only in the House of People.
(2) Financial Powers: The Constitution has made the House of People powerful so far as financial matters are concerned. Finance bills are initiated in the House of People only-Although finance bills are sent to the Council of States after passing by the House of people but the Council of State have to accord sanction to the Finance bills within 14 days.
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