History & Civics
Mention an important provision of the Constitution which clearly establishes the supremacy of Lok Sabha with regard to Money Bills.
Union Parliament
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Answer
An important provision of the Constitution which clearly establishes the supremacy of Lok Sabha with regard to Money Bills is as follows-
- Money Bill can be introduced only in the Lok Sabha.
- Money Bill after it has been passed by the Lok Sabha is transmitted to the Rajya Sabha for its recommendations. The Rajya Sabha must return the Money Bill to Lok Sabha within a period of 14 days. If the Bill is not returned within 14 days of its receipt, it shall be deemed to have been passed by both Houses in the form in which it was passed by the Lok Sabha.
- The Lok Sabha may accept or reject all or any of the recommendations of the Rajya Sabha.
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