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Money Bill: Definition and Detailed Outlook (for UPSC CSE/IAS exam)
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This lesson will help us to comprehend the concepts pertaining to the money bill, financial bill, ordinary bill and much more . As the lesson instigates one will understand the meaning of money bill and come across the exceptions which are liable under it. Further, the educator elucidates about the duties of Speaker pertaining to the money bill. He also details why the powers of Rajya sabha can't have any involvement in the money bill by using fascinating opinions as illustrations. ​

Bhavin Sangoi
BA Political Science and Psychology, Mumbai University. Teaching Polity, Economics and international relations for 7 years.

Unacademy user
Thanks a lot for this informative course!! It is really helpful.
keep learning Manisha... do rate and review the course if you really like the course :)
Sir i am 19 years old and would appear for CSE examination in 2019.....sir my question is should i focus on the current affairs from right now only or just a year before exams..... Does the upsc asks questions from past 2-3 years.??? Plz let me know sir........ And if u could let me know about what should i start preparing right now and what can be given a wait...... That would be very helpful.....
Sir, if Parliament cannot increase a tax, then who can? The Parliament can only impose/abolish/reduce taxes, if I am right. Also, why is such an exception given only for "increasing' taxes?
sir this course is very informative. I have a query . As you have mentioned in the lecture every bill consists of both financial and non financial matters.Then ideally every bill should be a financial bill . In this pls explain the difference between money and financial bill.
Visakh Nair
3 years ago
non financial matter is a broad word which encompasses most of the things that can be used in a bill. a money bill is the bill which contains exclusively all those matters of article 110 or as deemed by the speaker.but financial bill may contain matters of money bill and other things also.that makes the difference between money bill and financial bill. there are two types of financial bill given in Laxmikant book.atlast if there is any concern regarding a bill whether it's money bill or not , the speaker's endorsement makes it the money bill and it can't be taken for judicial review also.
what is the difference bwtween (i) payment of money into consolidated fund (ii) receipt of money into consolidated fund of India??
u make understand the things easily,THANKS a lot sir
  1. Course: Gain an understanding of Parliamentary Processes and Instruments Lesson: Money Bill Presented by Bhavin Sangoi

  2. About me . B.A in Political Science & Psychology . Appeared in UPSC CSE Mains Teaching Indian Polity, International Relations, economics & mental Ability since 5 years Experience of teaching for various competitive exams such as NTSE, CET & UPSC . Follow me on: Sangoi

  3. Definition According to article 110, the Bill is considered Money Bill if it deals with . Imposition, abolition, remission, alteration or regulation of any tax The regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of law with respect to any financial obligations undertaken or to be undertaken by the Government of India

  4. Continued The custody of the Consolidated fund of India or the Contingency fund of India, the payment of moneys into or the withdrawal of moneys from any such fund opitin of m f h olidated fd f The declaring of any expenditure to be expenditure charged on the Consolidated fund of India or the increasing of the amount of any such expenditure

  5. Continued - The receipt of money on account of the Consolidated fund of India or the Public account of India or the custody or issue of such money or the audit of the accounts of the Union or of a State Any matter incidental to any of the matters mentioned above

  6. Exception . A Bill shouldn't be considered Money Bill just because it provides for imposition of fees, financial penalty, fees for licenses or services or provision of tax related matter by local body or purpose

  7. Speaker Speaker's decision regarding whether the Bill is Money Bill or not is final Speaker has to certify that the Bill is Money Bill, when it is transmitted to Rajya Sabha or President

  8. Rajya Sabha . According to article 109, the Money Bill can't originate in the Rajya Sabha . The Rajya Sabha has to return the Bill within fourteen days along with its recommendations, unless the Bill will be conasidered as pased by both the Houses of Partiament The Lok Sabha can either accept or reject the recommendations