Write short note on:
constitutional provision regarding the money bill.
Answers
Answer:
In the Indian Constitution, Article 110 deals with Money Bill in India. There are few provisions for a bill to be deemed as a money bill. The provisions that make a bill a money bill in India are given below:
S.No Provisions for Money Bill in India
1 The imposition, abolition, remission, alteration or regulation of any tax
2 The regulation of the borrowing of money by the Union government
3 The custody of the Consolidated Fund of India or the contingency fund of India, the payment of money into or the withdrawal of money from any such fund
4 The appropriation of money out of the Consolidated Fund of India
5 Declaration of any expenditure charged on the Consolidated Fund of India or increasing the amount of any such expenditure
6 The receipt of money on account of the Consolidated Fund of India or the public account of India or the custody or issue of such money, or the audit of the accounts of the Union or of a state
7 Any matter incidental to any of the matters specified above
Answer:
Money Bill is defined in Article 110 of the Indian Constitution.
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What is a Money Bill in India?
S.No Provisions for Money Bill in India
1 The imposition, abolition, remission, alteration or regulation of any tax
2 The regulation of the borrowing of money by the Union government