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What happens when Money Bill is rejected?

What happens when Money Bill is rejected?

2. Financial bills (I)—Article 117 (1) 3. Financial bills (II)—Article 117 (3)…Body.

Money Bills Financial Bills
President can either accept or reject a money bill but cannot return it for reconsideration. President can return it for reconsideration. President can return it for reconsideration.

What happen if the Lok Sabha and Rajya Sabha fail to agree on a Money Bill?

Under the Constitution of India, money bills require the approval of the Lok Sabha only. Even if Rajya Sabha doesn’t pass a money bill within 14 days, it is deemed to have been passed by both the Houses of Parliament after the expiry of the above period.

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What if bill is not passed in Rajya Sabha?

A Bill pending in Rajya Sabha which has not been passed by Lok Sabha does not lapse on the dissolution of Lok Sabha but a Bill which is passed by Lok Sabha and is pending in Rajya Sabha lapses on the dissolution of Lok Sabha.

Can Rajya Sabha reject a money bill?

Rajya Sabha cannot amend or reject a money bill. It should return the bill to the Lok Sabha within 14 days, either with recommendations or without recommendations.

How long can a Money Bill be delayed by the Rajya Sabha?

14 days
14 days can the Rajya Sabha delay a Money Bill.

Who decides whether a Bill is Money Bill or not?

The Speaker of the Lok Sabha
The Speaker of the Lok Sabha certifies if a financial bill is a Money Bill or not.

Does a bill pass in Rajya Sabha but not passed in Lok Sabha?

A bill pending in the Rajya Sabha but not passed by the Lok Sabha does not lapse. If the president has notified the holding of a joint sitting before the dissolution of Lok Sabha, does not lapse. A bill passed by both Houses but pending assent of the president does not lapse. not lapse.

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What happens when a bill originated in Lok Sabha but pending?

A bill originated and passed by the Lok Sabha but pending in the Rajya Sabha – lapses. A bill originated in the Rajya Sabha and returned to that House by the Lok Sabha with amendments and still pending in the Rajaya Sabha on the date of the dissolution of Lok Sabha- lapses.

What is the position on lapsing of bills in India?

Articles 107 and 108 of the Indian Constitution deals with these provisions. The position with respect to lapsing of bills is as follows: A bill originated in the Lok Sabha but pending in the Lok Sabha – lapses. A bill originated and passed by the Rajya Sabha but pending in Lok Sabha – lapses.

Does the holding of a joint sitting of Lok Sabha lapse?

If the president has notified the holding of a joint sitting before the dissolution of Lok Sabha, does not lapse. A bill passed by both Houses but pending assent of the president does not lapse. not lapse.