SHORT ANSWER:
The procedure for the passage of money bills in the Indian legislative assembly is outlined in Article 110 of the Constitution of India.
DETAILS:
- A Money Bill can only be introduced in the Lok Sabha, not in the Rajya Sabha.
- The Rajya Sabha can only make recommendations on a Money Bill, which the Lok Sabha may or may not accept.
- The President must give his assent to a Money Bill after it is passed by both Houses.
PUNISHMENT / IMPLICATIONS (if applicable):
- N/A
SOURCE:
- Constitution of India, Article 110
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