Parliament is a supreme law making body of the nation. Any proposed law is introduced in the Parliament as a bill. After being passed by the Parliament and getting the President’s assent it becomes a law.
There are two kinds of bills:-(i) ordinary bill and (ii) money bill.
Every member of the Parliament has a right to introduce an ordinary bill ,thus we have two types of bills – government bills and private member’s bills. A Minister moves a government bill and any bill not moved by a Minister is a Private Member’s Bill
Each Bill undergoes the following legislative process:-
The money bills are such bills which deal with money matters like imposition of taxes, governmental expenditure and borrowings etc. In case there is a dispute as to weather a bill is a money bill or not, the Speaker’s decision is final.
- Money bill can be introduced only in Lok Sabha and not 512"> Subscribe on YouTube