Introduction

The Indian parliamentary system works on two of its houses, namely Lok Sabha and Rajya Sabha in the Center. A money bill can only be introduced in the Lok Sabha, however, it needs to be passed from both the houses to become a bill from an act. Article 110 deals with the money bill, which lays the procedure to introduce the bill in the house. A money bill can only be introduced by a minister on the recommendation of the President.

Discussion 

Defining money bill and its features

Article 110 of the Indian Constitution defines a money bill as a public bill that goes by the definition in case it contains provisions dealing with matters of remission, alteration, abolition, imposition or regulation of any tax along with the regulation of the borrowing of money by the Union government. It also includes the appropriation of money out of the Consolidated Fund of India and the custody of the same and the Contingency Fund of India, the payment of withdrawal of such funds. Declaring of any expenditure charged on the Consolidated Fund or increasing the amount of withdrawal, receipt of money on account of the public account or the custody or issue of such money, and even the audit of the accounts of the Union of India or a state. However, it also stands with certain exceptions of financial bills which cannot be deemed as a money bill even if it relates to financial matters.

Likewise, the imposition of fines or any other pecuniary penalties, the demand for payment of fees for licenses or fees for services rendered and the imposition, alteration, abolition, remission or regulation of tax by any local authority like panchayats, Lok adalats and Lokayukta will not come under money bills. Therefore, it is said that all money bills are financial bills but all financial bills are not money bills.

 Introducing the money bill in the parliament

Normally, a Bill can be introduced in House of Parliament, Lok Sabha or Rajya Sabha, respectively. However, a Money Bill cannot be introduced in Rajya Sabha. It can only be introduced in Lok Sabha with the prior permission of the President for the introduction. In polity, it can also be passed in the state legislature by the introduction in Vidhan Sabha. It is all-inclusive for the expenditure that is authorized by the government and cannot be introduced by a private member. The confusion of being a bill money bill is finalized by the speaker.

A money bill is open to all the representatives of both houses to vote for its finalization. The majority votes makes the claim for the bill after which the bill is supposed to pass from both the houses. It is a financial bill that contains the provisions which are calculated and cannot be referred to the joint committee of the houses. The aadhaar bill was introduced as a money bill in 2016 and it easily got approval from both houses. However, the Supreme Court in 2018 upholdedits validity, by the five judges present there. Apart from money bills, the parliament also sees the introduction of Constitutional Amendment Bills, Financial bills and ordinary bills. In rajya sabha the recommendations for the Money bills should not exceed fourteen days as they will be deemed to pass through the parliament. 

 Articles related to a money bill  

Article 110 defines the provisions related to Money bills which explicitly confer the power of introduction of money bills to the Lok Sabha. This is one of the special powers of Lok Sabha through which the constitution establishes the unitary feature of the state; thereby expressing the stand of popular (people) character. It also waivers on the provision of joint sitting of the Parliament that is available for ordinary legislation. The effect can be felt by the fact that even the President has no exclusive power as well; he can only withhold the bill. He cannot even return the bill for reconsideration to the Parliament; the President generally gives his assent to a money bill as it is introduced in the Parliament with his prior permission.

The Speaker of the Lok Sabha certifies a bill being a money bill and the decision of the speaker remains the final. Apart from this, the constitution states the parliamentary proceedings song with the officers responsible for the business may not be questioned by any court.

Conclusion 

The Indian constitution is democratic and the members of parliament are elected directly by the people. These elected members present the bill as an act in the parliament and to which the parliament proceedings take place. After the votes, the bill needs to pass from both the houses and the final decision on the bill is made by the speaker of the Lok Sabha.