Arrange the following steps in the correct legislative process for the passage of a Money Bill in India:
A) Introduction of Money Bill in Lok Sabha
B) Passage in Lok Sabha
C) Transmission to Rajya Sabha
D) Presentation for President's assent
- AOption (a)
A-B-C-D
- BOption (b)
A-C-B-D
- COption (c)
B-C-A-D
- DOption (d)
C-B-A-D
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Correct answer
A-B-C-D
Why this answer is correct
The correct answer is Option 1: A-B-C-D.
Key Points
- In India, a Money Bill is exclusively introduced in the Lok Sabha, as per Article 110 of the Constitution of India.
- Once introduced, the Money Bill must be passed by the Lok Sabha, where the majority support is required.
- After passage in the Lok Sabha, the bill is transmitted to the Rajya Sabha for its recommendations, but the Rajya Sabha cannot amend or reject the bill; it can only suggest changes within 14 days.
- Finally, the bill is presented to the President of India for his/her assent, which is mandatory for the bill to become a law.
- The process ensures that the Lok Sabha, as the house of elected representatives, has the final say in matters related to financial legislation.
Additional Information
- Important Facts about Money Bills:
- A bill is considered a Money Bill if it deals with taxation, borrowing of money by the government, appropriation of money out of the Consolidated Fund of India, or any matter incidental to these issues.
- The Speaker of the Lok Sabha has the final authority to decide whether a bill is a Money Bill or not.
- The Rajya Sabha cannot reject or amend a Money Bill but can suggest recommendations, which the Lok Sabha may choose to accept or reject.
- If the Rajya Sabha does not return the Money Bill within 14 days, it is deemed to have been passed by both houses in the form originally passed by the Lok Sabha.