What is Money Bill?

Define Money Bill ?

Ans. A bill shall be deemed to be a Money bill if it contains only provisions dealing with all or any of the following matters namely:

(i) The imposition, abolition, remission, alteration or regulation of any tax.

(ii) The regulation of the borrowing of money or the giving of any guarantee by the Government of India or the amendment of law with respect to any financial obligations undertaken or to be undertaken by the Government of India.

(iii) The custody of the Consolidated fund or the contingency Fund of India, the payment of Moneys into or the withdrawal of moneys from any such fund.

(iv) The appropriation of moneys out of the Consolidated fund of India.

(v) The declaring of any expenditure to be expenditure to be expenditure charged on the Consolidated Fund of India (CFI) or the increasing of the amount of any such expenditure.

(vi) The receipt of money on account of the Consolidated Fund of India or the Public account of India or the custody or issue of such money or the audit of the accounts of the Union or of a State.

 

Question asked in HPFAS (2004)