Money Bills vs. Other Bills -What is Difference Between Money Bill & Other Bills
Money Bills vs. Other Bills -What is Difference Between Money Bill & Other Bills -According to Indian Constitution there are fours types of Bills . But Some of The Students Face problem in Understanding These bills . So here We are Providing you A Short note On various Bills And there Process Passing .
What are the different types of Bills?-Money Bills vs. Other Bills – What is Difference Between Money Bill & Other Bills
There are four types of Bills, namely
- Constitution Amendment Bills
- Money Bills
- Financial Bills
- Ordinary Bills.
What are the features of each of these Bills?
- Constitution Amendment Bills: These are Bills which seek to amend the Constitution.
- Money Bills: A Bill is said to be a Money Bill if it only contains provisions related to taxation, 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.
- Financial Bills: A Bill that contains some provisions related to taxation and expenditure, and additionally contains provisions related to any other matter is called a Financial Bill. Therefore, if a Bill merely involves expenditure by the government, and addresses other issues, it will be a financial bill.
- Ordinary Bills: All other Bills are called ordinary bills.
How are these bills passed?
- Constitution Amendment Bills: A Constitution Amendment Bill must be passed by both Houses of Parliament. It would require a simple majority of the total membership of that House, and a two thirds majority of all members present and voting. Further, if the Bill relates to matters like the election of the President and Governor, executive and legislative powers of the centre and states, the judiciary, etc., it must be ratified by at least half of the state legislatures.
- Money Bills: A Money Bill may only be introduced in Lok Sabha, 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.
- Financial Bills: A Financial Bill may only be introduced in Lok Sabha, on the recommendation of the President. The Bill must be passed by both Houses of Parliament, after the President has recommended that it be taken up for consideration in each House.
- Ordinary Bills: An Ordinary Bill may be introduced in either House of Parliament. It must be passed by both Houses by a simple majority of all members present and voting.
How is a Money Bill different from a financial bill?
- While all Money Bills are Financial Bills, all Financial Bills are not Money Bills. For example, the Finance Bill which only contains provisions related to tax proposals would be a Money Bill.
- However, a Bill that contains some provisions related to taxation or expenditure, but also covers other matters would be considered as a Financial Bill.
- The Compensatory Afforestation Fund Bill, 2015, which establishes funds under the Public Account of India and states, was introduced as a Financial Bill.
- Secondly, as highlighted above, the procedure for the passage of the two bills varies significantly. The Rajya Sabha has no power to reject or amend a Money Bill. However, a Financial Bill must be passed by both Houses of Parliament.
Who decides if a Bill is a Money Bill?
- The Speaker certifies a Bill as a Money Bill, and the Speaker’s decision is final.
- Also, the Constitution states that parliamentary proceedings as well as officers responsible for the conduct of business (such as the Speaker) may not be questioned by any Court.
Money Bills vs. Other Bills – What is Difference Between Money Bill & Other Bills