Money Bill UPSC NOTE

 Why in News

Centre requests top court to ‘hear cases seniority wise’ and not decide priority based on ‘political exigencies’; the cardinal issue is whether amendments could be passed as a Money Bill, circumventing the Rajya Sabha, in violation of Article 110.

What is Money Bill

  • A money bill in India is a bill that deals with financial matters such as taxation, government spending, and appropriation of money.

  • Money bills are introduced in the Lok Sabha. 

  • The Rajya Sabha, cannot amend or reject a money bill. 

  • It can only detain the bill for a maximum of 14 days. 

  • After that, the bill is deemed to have been passed by both houses of Parliament and is sent to the President for his assent.

The following are the subjects that are covered by money bills under Article 110,

  • Imposition, abolition, remission, alteration or regulation of taxation,

  • For the payment of debt or other financial purposes of charges on the Consolidated Fund of India ,

  • The National Loans Fund or on money provided by Parliament, or the variation or repeal of any such charges;

  • Supply;

  • Appropriation, receipt, custody, issue or audit of accounts of public money,

  • Raising or guarantee of any loan or the repayment,

Article 110

  • Article 110 of the Indian Constitution defines a money bill.

  • The power to define a money bill rests with the Speaker of the Lok Sabha. The Speaker's decision on whether or not a bill is a money bill is final.

  • Article 110 gives the Lok Sabha, greater control over the government's financial policies.

Article 110

  • This helps to ensure that the government is accountable to the people for its spending and that the people have a say in how their money is used.

  •  Article 110 of the Indian Constitution was originally in the Constitution.



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Money Bill UPSC NOTE
Money Bill UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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