Question

What is the difference between a money bill and a non-money bill ?

Answer 1

Hint: Bills passed in the parliament are categorised roughly into money bill and non-money bill. The bill becomes an act only after the assent of the president.

Complete answer:
In the parliament, a Bill is a proposal for passing a new law or for the amendment of a pre-existing law.There are several types of Bills mentioned in the constitution of India. They are:-
1. Constitution Amendment Bills;
2. Money Bills;
3. Financial Bills; and
4. Ordinary Bills.

Money Bills:-
Money Bills can be introduced only in the Lok Sabha. Also, these bills can't be introduced without the recommendation of the president and only a minister is allowed to introduce them in the parliament.
Money Bills need to be certified by the speaker of the Lok Sabha when they are transmitted from the Rajya Sabha to the Lok Sabha.
The Money bill cannot be detained for more than 14 days by Rajya Sabha and is not subject to the President's reconsideration. The President may either accept it or reject it.
In case of a deadlock, no provision of a joint sitting is mentioned in the Articles 109 and 110 which deal with the Money bills.

All the bills which are not money Bills are categorised as non-money bills or ordinary bills with similar characteristic features such as:-
- Non-money Bills can be introduced in either the Rajya Sabha or the Lok Sabha.
- They can be introduced without being recommended by the President.
- Rajya Sabha can detain the ordinary Bill for a period of 6 months.
- If the Bill originates in the Lok Sabha, it does not need to be certified by the speaker of the Rajya Sabha when transmitted from the Lok Sabha.
- In case of a deadlock,a joint sitting can be held to resolve the matter as mentioned in the Articles 107 and 108 which deals with non-money bills.

Note:Money bill means any bill related to tax, such as imposition or demolition of tax. Any bill which is not a Money Bill is considered as an Ordinary Bill.A money bill if not passed raises questions on the government functioning in the country as it needs to have a majority in the parliament.