Procedure to be followed by the Union Parliament in Passing a Money Bill

The following procedure is followed by the Union Parliament in passing a Money Bill:

Procedure followed in Passing a Money Bill

(i) A Money Bill can be introduced only in the Lok Sabha on the prior recommendation of the President.

(ii) After it has been passed by the Lok Sabha, the Money Bill is sent to the Rajya Sabha, which must return the Bill within 14 days with or without its recommendations to Lok Sabha.

(iii) If the Rajya Sabha does not make any recommendations within 14 days the Bill is deemed to have been passed by the Rajya Sabha. However, if the Lok Sabha does not accept the recommendations made by the Rajya Sabha, the Bill is deemed to have been passed in the form it was passed by the Lok Sabha. If the Money Bill is not sent back by the Rajya Sabha within a period of 14 days, it is deemed to have been passed by the both Houses at the expiration of the said period.

(iv) After a Money Bill is passed by both the Houses, it is sent to the President, who shall not with hold his assent from the Money Bill.


The Union Legislature

The Union Parliament consists of the President and two houses—The House of People commonly known as the Lok Sabha and the Council of States known as the Rajya Sabha. The Parliament is a body of people’s representatives who have the supreme power and authority of governance in a democratic country. Read more

The High Courts and Subordinate Courts

The Constitution of India has provided for a High Court for each state. However, there may be one High Court for two states or union territories. This depends on the area and the population of the state or a union territory. There are 21 High Courts in India. Delhi is the only union territory which has a High Court of its own. Read more

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