Updated: May 20
INTRODUCTION- Bills are divided into two types- (a)- money bills, (b)- bills which are not money bills. A Separate procedure provided by the constitution in respect of every category. Special procedure for money bills provided in Art-109.
The special standing given to the money bill in respect of its initiation and of passing is predominantly because of the constitutional struggle between houses' homes in European nations. In 1909 attempt was created by the House of Lords to assume power over money bills. however this was opposed by the House of Commons. This struggle came to AN finish with the passing of the Parliament Act 1911. Major provisions of this bill are incorporated in Arts 109 and 110.
DEFINITION- Art -110 define a money bill. A)- It could be a bill dealing with the assessment, quashing, diminish, alteration, or regulation of any tax. B)- it's a money bill if it contains matter of regulation of borrowing of money, giving of guarantee by the government ; C)- amendment of the law in respect of state financial obligations. The custody of the Consolidation Fund or contingency. Fund, payment into it, or withdrawal from it. D)- Appropriation of money from the consolidated fund. e) - Decreasing or increasing the costs on the consolidated fund. f) - the receipt of the money on account of a consolidated fund or public accounts. g)- any matter incidental to that. The constitution additionally provides that it's not a money bill by simply as well as matters within the bill regarding the imposition of fines or penalties, payment of license-free r service charge, etc. additional it's not a money bill if it deals with sure matters of alteration, the imposition of a tax that is solely by anybody or authority for native purposes.
PROCEDURE- 1)- A money bill is initiated solely within the Lok Sabha. 2)-The recommendation of the president is important before the introduction. 3)- In respect of a matter of whether or not a bill is a money bill or not, the certificate of the Speaker is final. 4)-After passing the money bill the Lok sabha sends it to the Rajya –Sabha . the Rajya Sabha should pass inside fourteen days. If the bill isn't came back among fourteen days it's deemed to own been passed by both houses. The Rajya Sabha could pass and send back with recommendations that are rejected by the Lok Sabha partly or completely it's deemed to have been passed. If the recommendation is accepted by Lok Sabha the bill is said to have been passed by both the houses. the bill is then sent to the president for his assent, who shall give his consent.