Money Bill :
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A money bill is defined under Article 110 of the Indian Constitution.
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A Bill is said to be a Money Bill if it only contains provisions related to taxation, borrowing of money by the government,expenditure from or receipt to the Consolidated Fund of India.
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Bills that only contain provisions that are incidental to these matters would also be regarded as Money Bills.
Passage of Money Bill:
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A Money Bill may only be introduced in Lok Sabha, on the recommendation of the President.
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It must be passed in Lok Sabha by a simple majority of all members present and voting.
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Following this, it may be sent to the Rajya Sabha for its recommendations, which Lok Sabha may reject if it chooses to.
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If such recommendations are not given within 14 days, it will be deemed to be passed by Parliament.
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While all Money Bills are Financial Bills,all Financial Bills are not Money Bills.For example,the Finance Bill which only contains provisions related to tax proposals would be a Money Bill.
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However,a Bill that contains some provisions related to taxation or expenditure, but also covers other matters would be considered as a Financial Bill.
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