How a Money Bill is Passed in Parliament

Written by Talent KAS

A money bill is a particular type of financial bill that, broadly, deals either with taxation, the financial obligations of the government, or the Consolidated Fund of India. The legislative process involved is very similar to that of ordinary bills — the differences give the Lok Sabha more authority, help avoid deadlocks, and minimize delays. For instance, such a bill can only be introduced in the Lok Sabha, and if the Rajya Sabha takes more than 14 days to decide upon it, it is deemed to have been passed by both houses.

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