ALL ABOUT BILLS

Appropriation Bill

This is the law, stipulated under Article 114 (3) of the Constitution, which the government uses to make withdrawals from the Consolidated Fund

Finance Bill

Every year the government imposes new taxes, abolishes some old ones, changes regulation and alters some existing income taxes. These are carried out by passing the Finance Bill. Parliament has to pass the Finance Bill within 75 days of its introduction. WHAT HAPPENS IF IT ISN’T? It is seen as a vote of no confidence against the government

Money Bills

Bills that exclusively contain provisions for imposition and abolition of taxes, for appropriation of moneys from the Consolidated Fund, etc, are certified as Money Bills. Money Bills can be introduced only in Lok Sabha. Rajya Sabha cannot make amendments in these but only recommend amendments and return the bills to Lok Sabha within 14 days of their receipt. Lok Sabha may accept or reject these recommendations A money bill is deemed as passed by both houses if: 1. Rajya Sabha does not return them to Lok Sabha within 14 days 2. Lok Sabha rejects the recommendations of Rajya Sabha. In these cases the bill is deemed as passed in both Houses in its original form 3. Lok Sabha accepts some Rajya Sabha recommendations and re-passes the Bill. In this case the revised Bill is deemed as passed in both houses.

Finance Bill and Appropriation Bill are some categories of Money Bills