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Which one of the following statements about a Money Bill is not correct?
A Money Bill can be tabled in either House of Parliament
The Speaker of Lok Sabha is the final authority to decide whether a Bill is a Money Bill or not
The Rajya Sabha must return a Money Bill passed by the Lok Sabha and send it for consideration within 14 days
The President cannot return on Money Bill to the Lok Sabha for reconsideration
Unlike Ordinary Bills, Money Bills are introduced only in Lok Sabha on the President's recommendation, which is mandatory. The bill, introduced in the Lok Sabha on the President's recommendation, is referred to as a government bill. It should be noted that all government bills are introduced only by the Minister. After the bill is passed by the Lok Sabha, it is sent to the Rajya Sabha, which has only limited authority. It has no authority to reject or amend the bill. There is no possibility of disagreement, hence there is no provision for a joint sitting regarding money bills. The Lok Sabha speaker certifies the bill as a money bill and his decision is final in this regard. The President's consent is required when the bill has passed both houses. He can either give assent or withhold assent but cannot send a bill for reconsideration. Following the President's approval, the bill becomes an act and is published in the Indian Statute Book.
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Prikshit Batra
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