Types of Bills
Money Bill (Article 110)
- Article 110 defines what constitutes a money bill and outlines the provisions related to money bills. Money bills can only be introduced in the Lok Sabha (House of the People). The President's recommendation is required for the introduction of a money bill.
- Money bills can only deal with matters specified in Article 110(1), which include the imposition, abolition, remission, alteration, or regulation of any tax; the regulation of borrowing by the government; the custody of the Consolidated Fund of India; and the appropriation of moneys out of the Consolidated Fund.
Finance Bill (Article 117)
- Article 117 ....
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