Write a short note on the money bill.

1.	Write a short note on the money bill.
Answer» The Bill related to the government’s income : Expenditure, imposition of any tax, decrease or increase in any tax, and to withdraw or deposit any amount from the government fund, is called the Money Bill. The important points related to the Money Bill can be made clear on the following basis : 1. Article 109 describes the process of a money bill. 2. Article 110 defines it. 3. The money bill cannot be presented in the Rajya Sabha. 4. The money bill can only be presented in the Lok Sabha on the recommendation of the President. 5. After being passed in the Lok Sabha, the President has to send back the money bill within a period of 14 days with his assent. 6. If the money bill is not sent back, then, in this condition, it will be considered as passed by both the houses. 7. The money bill is a government bill, not a non-government bill, in nature.

Answer»

The Bill related to the government’s income :

Expenditure, imposition of any tax, decrease or increase in any tax, and to withdraw or deposit any amount from the government fund, is called the Money Bill.

The important points related to the Money Bill can be made clear on the following basis :

1. Article 109 describes the process of a money bill.

2. Article 110 defines it.

3. The money bill cannot be presented in the Rajya Sabha.

4. The money bill can only be presented in the Lok Sabha on the recommendation of the President.

5. After being passed in the Lok Sabha, the President has to send back the money bill within a period of 14 days with his assent.

6. If the money bill is not sent back, then, in this condition, it will be considered as passed by both the houses.

7. The money bill is a government bill, not a non-government bill, in nature.

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