What are Money Bills(Article 110) in India?

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A money bill is defined in Article 110 of the Indian Constitution. Money bills are focused on financial concerns such as taxation and government spending. The bill is vital for Indian politics and government because it addresses many important issues such as the Aadhar Bill and the Insolvency and Bankruptcy Bill. Questions on this topic have repeatedly appeared on the IAS Exam. The topic ‘Money Bill’ is essential for all three parts of the examination: preliminary, mains, and interview.

On that note, let’s learn everything about money bills from its definition and provisions to stages of passage and the difference between ordinary bill and money bill in detail to help IAS aspirants for UPSC Political Science preparation.

Money Bill – Definition

Article 110 of the Constitution states that a “Money Bill” is “a proposed law including primary provisions dealing with all or any of the subjects thereof.” There are only a few requirements for a measure to be labelled as a money bill.

See, for example, the Salary, Allowances, and Pension (Amendment) Bill 2020, the Appropriation Bill 2021, the Aadhaar and Other Laws (Amendment) Bill 2019, and the High Court and Supreme Court Judges Amendment Bill 2017.

Provisions That Make Bill A Money Bill

  • Any tax levied, repealed, remitted, modified, or regulated.
  • The borrowing of money is regulated by the Government of India.
  • Payments into or withdrawals from the Consolidated Fund of India (CFI) or the Contingency Fund of India (CFI).
  • Appropriation of funds from the CFI.
  • Declaration or increase in the amount of any CFI-charged expense.
  • Receipt of payments on behalf of the CFI or the Indian public account, holding or disbursement of such monies, or audit of the Union’s or a state’s accounts
  • The Indian Constitution specifically stipulates when a law cannot be called a money bill in Article 110. These are the provisions:

Bill is not called a money bill when it is used for

  • Imposition of fines or other monetary sanctions.
  • License fees or payments for services rendered are demanded or paid.
  • Any tax levied, cancelled, remitted, altered, or regulated for local reasons by a local authority or body.

Stages Of Passage Of Money Bill

Money Bill in India

  • Money Bills, unlike Ordinary Bills, are introduced only in Lok Sabha on the President’s advice, which is mandatory.
  • The measure is referred to as a government bill because it was introduced in the Lok Sabha on the President’s advice.
  • It should be remembered that only the minister introduces government bills.
  • After the Lok Sabha passes the bill, it is submitted to the Rajya Sabha, which has limited authority. It does not have the authority to reject or change the bill.
  • Because there is no prospect of disagreement, there is no provision for a joint session on money measures.
  • The measure is certified as a money bill by the Lok Sabha Speaker, and his judgement is definitive in this regard.
  • When a law has passed both houses, the President must sign it. He can give or withhold assent, but he cannot send a law back for reconsideration.
  • The bill becomes an act after the President’s approval and is published in the Indian Statute Book.

Difference Between Money Bill and Ordinary Bill

Money BillOrdinary Bill
Only in Lok Sabha may a Money Bill be tabled.Ordinary Bills are permitted to be introduced in both the Lok Sabha and the Rajya Sabha.
Only on the President’s recommendation may a Money Bill be introduced.Ordinary Bills can be introduced without the President’s approval.
A Money Bill may only be introduced in Parliament by a Minister.Either a Minister or a private member may introduce the ordinary bill.
When a Money Bill is sent to Rajya Sabha, it must be certified by the Lok Sabha Speaker.If the Ordinary Bill originated in the Lok Sabha, it does not require the speaker’s consent when it is transferred to the Rajya Sabha.
Only the Rajya Sabha has the authority to suspend the Money Bill for up to 14 days.The Rajya Sabha has the authority to defer consideration of the Ordinary Bill for six months.

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