- According to Article 110 of the Indian Constitution, a Money Bill can only be introduced in the Lok Sabha. - After a Money Bill is passed by the Lok Sabha, it is transmitted to the Rajya Sabha for its recommendations. - The Rajya Sabha cannot reject or amend a Money Bill. It can only make recommendations. - The Rajya Sabha must return the Money Bill to the Lok Sabha within a period of 14 days from the date of its receipt. - If the Rajya Sabha does not return the bill within 14 days, it is deemed to have been passed by both Houses in the form it was passed by the Lok Sabha.
The Rajya Sabha can withhold its consent to a Money Bill for :
Asked in UPSC CAPF 2015 · Topic: The Parliament (Legislative Procedure: Types of Bills (Ordinary, Money, Financial, Constitution Amendment) and their passage)
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