What happens when money bill is passed by Lok Sabha?

Money bills passed by the Lok Sabha are sent to the Rajya Sabha (the upper house of parliament, elected by the state and territorial legislatures or appointed by the president). The Rajya Sabha may not amend money bills but can recommend amendments.

What happens 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.

When a money bill is passed by the Parliament the president has the power to?

The President may either give or withhold assent to a Money Bill. Under the Constitution, a Money Bill cannot be returned to the House by the President for reconsideration.

How long can Rajya Sabha retain the money bill sent by Lok Sabha?

The Rajya Sabha can retain the money bill sent by the Lok Sabha for 14 days.

How is bill passed in Parliament?

In passing an ordinary bill, a simple majority of members present and voting is necessary. But in the case of a bill to amend the Constitution, a majority of the total membership of the house and a majority of not less than two-thirds of the members present and voting is required in each house of Parliament.

What is the process of passing a bill?

First, a representative sponsors a bill. If the bill passes by simple majority (218 of 435), the bill moves to the Senate. In the Senate, the bill is assigned to another committee and, if released, debated and voted on. Again, a simple majority (51 of 100) passes the bill.

Can Rajya Sabha reject 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.

What happens when President Rejects Money Bill?

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.

How is Bill passed in Parliament?

How long can Rajya Sabha hold back the Money Bill?

fourteen days
A Money Bill after having been passed by the Lok Sabha, and sent to Rajya Sabha for its recommendations, has to be returned to Lok Sabha by the Rajya Sabha, with in a period of fourteen days from the date of its receipt, with or without recommendations.

Can a Bill be passed without Rajya Sabha?

The legislative procedure in India for the union government requires that proposed bills pass through the two legislative houses of the Parliament of India, i.e. the Lok Sabha and the Rajya Sabha.