Money Bill

What is a Money Bill?   

  • A Bill is said to be a Money Bill if it only contains provisions related to
    1. taxation,
    2. borrowing of money by the government,
    3. expenditure from or receipt to the Consolidated Fund of India. Bills that only contain provisions that are incidental to these matters would also be regarded as Money Bills.
  • A Money Bill may only be introduced in Lok Sabha. This is done so on the recommendation of the President.
  • It must be passed in Lok Sabha by a simple majority of all members present and voting.  Following this, it may be sent to the Rajya Sabha for its recommendations, which Lok Sabha may reject if it chooses to.  
  • If such recommendations are not given within 14 days, it will deemed to be passed by Parliament.