The bill can broadly be categorised as: Ordinary bills and Money bills
All the Bills other than Financial Bills
Money Bills and the Constitutional Amendment Bills are Ordinary Bills.
Such Bills can be introduced in either House of the Parliament (in Lok Sabha or the Rajya Sabha) without the recommendation of the President, except those Bills under Article 3 (i.e., Bills related to reorganisation of the territory of a State).
Money Bill is defined in Article 110 of the Constitution.
As per the Article, any Bill dealing with all or any of the matters enumerated from (a) to (g) of the same Article shall be a Money Bill.
These are: imposition, abolition, re-mission, alteration or regulation of any tax.
Regulation of the borrowings of money or giving of guarantee by the Government of India.
After being passed by the Lok Sabha, the Money Bill passes on to the Rajya Sabha which has four options: Pass the Bill in the original form, Reject the Bill, Take no action for 14 days, Send the Bill with suggestive Amendments to the Lok Sabha.
There is no provision for a joint-sitting of the Parliament to pass a Money Bills after the Money Bill is passed by the Lok Sabha and the Rajya Sabha, it is presented to the President who unlike in the case of other Bills, has no right to withhold it (Art. 111).
As regards the procedure for its pas-sage, a Financial Bill is as good as an Ordinary Bill except that a Financial Bill cannot be introduced without the President’s recommendation, and it can only be introduced in the Lok Sabha.
Thus a Financial Bill is passed according to the ordinary procedure provided for passing of an Ordinary Bill.
Any Bill dealing with revenue or expenditure, but not certifies as Money Bill by the Speakers as Financial Bill. These Financial Bills are of two classes:
1. A Bill containing any of the matters specified in Article 110, but not exclusively dealing with those matters.
- For example, a Bill containing taxation clause, but not solely dealing with taxation.
- This is called the Financial Bill of First Class.
2. An Ordinary Bill contains provisions involving expenditure from the Consolidated Fund of India. This is called the Financial Bill of Second Class. Constitutional Amendment Bills
- Article 368 deals with the power of the Parliament to amend the Constitution, and the procedure there of.
- A Bill for this can be introduced in either House (the Lok Sabha or the Rajya Sabha) of the Parliament.