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What do you mean by Money Bill? |
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Answer» Money bills are those that deal with economic matters. They can originate only in the Lok Sabha. The process of Money Bill is different. After passing it, the Lok Sabha passes it on to the Rajya Sabha for suggestions. But Rajya Sabha has no power to change it or reject it. In 14 days’ time after the receipt of the bill by the Rajya Sabha, it should send it back to the Lok Sabha with suggestions. The suggestions can be accepted or rejected by the Lok Sabha. If the bill is not returned within 14 days, it will be considered to have been passed by both Houses. The Rajya Sabha has virtually no important role to play in the Money Bills. |
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