Write a short note on explain the legislative procedure in a bi-cameral legislature pertaining to a money bill.
Write a short note on explain the legislative procedure in a bi-cameral legislature pertaining to a money bill.
Share
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Write a short note on explain the legislative procedure in a bi-cameral legislature pertaining to a money bill.
In a bicameral legislature, the legislative procedure for a money bill involves a specific process designed to ensure the proper scrutiny and approval of financial matters. The key steps in this procedure are as follows:
Introduction in the Lower House: The money bill is introduced in the lower house of the legislature, which is typically the House of Representatives or the Lok Sabha. Only the government can propose money bills, which primarily deal with taxation, government expenditure, borrowing, or appropriation of funds.
Certification by the Speaker: Before the bill is taken up for consideration, the Speaker of the lower house certifies whether it is indeed a money bill as per the provisions of the constitution.
Passage in the Lower House: The money bill undergoes detailed examination and discussion in the lower house, where members debate its provisions and propose amendments. After the debate, a vote is held, and if a majority of members present and voting support the bill, it is passed by the lower house.
Transmission to the Upper House: Once passed by the lower house, the money bill is transmitted to the upper house, which is typically the Senate or the Rajya Sabha. Unlike ordinary bills, the upper house cannot amend or reject a money bill; it can only recommend amendments.
Consideration of Recommendations: The upper house may recommend amendments to the money bill, which the lower house may accept, reject, or modify. However, if the lower house disagrees with any of the recommendations, the bill is deemed to have been passed by both houses in its original form.
Assent by the President: After being passed by both houses, the money bill is sent to the President for assent. Once the President gives assent, the bill becomes law and is enacted.
Overall, the legislative procedure for a money bill in a bicameral legislature ensures thorough scrutiny of financial matters while also respecting the constitutional prerogatives of each house.