What is a Money Bill?
- A Bill is said to be a Money Bill if it only contains provisions related to
- borrowing of money by the government,
- 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.