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History & Civics

What is the difference between a money bill and a non-money bill?

Union Parliament

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Answer

The differences between a money bill and a non-money bill are as follows:

Non-money billMoney Bill
It can be introduced in either Lok Sabha or Rajya Sabha.It can be introduced only in Lok Sabha.
Ordinary Bill can be introduced without the recommendation of the President.Money Bill can be introduced only on the recommendation of the President.
Either a Minister or private member can introduce ordinary bill.Only a Minister is allowed to introduce Money Bill in the Parliament.
If the Ordinary Bill originated in the Lok Sabha, then it does not require the approval of the speaker when transmitted to Rajya Sabha.Money Bill requires the certification of the Lok Sabha Speaker when transmitted to Rajya Sabha.
The Rajya Sabha has the power to detain the Ordinary Bill for a period of 6 months.The Money Bill can be detained for a maximum period of 14 days only by the Rajya Sabha.
Ordinary Bill can be returned for reconsideration, accepted or rejected by the President.Money Bill cannot be returned for reconsideration by the President. The President can only accept or reject it.
In case of deadlock on Ordinary Bill there is a provision of a joint sitting.In case of Money Bill, if there is a deadlock, there is no provision of a joint sitting.

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