Types of Bill : ordinary Bill? Money Bill? Financial Bill ?in Indian parliament

 Types of Bill in parliament

Hello friends let's know all about different types of Bill :Ordinary Bill? Money Bill ?

1. Ordinary Bill
2. Money Bill
3. Financial Bill
4. Constitutional amendment Bill
5. Ordinary Bill

                ordinary Bill

Any Bill other than a money Bill, financial Bil and constitutional Amendment Bill is known as ordinary Bill

• Ordinary Bill can be introduced in either house of parliament.
• None of the ordinary Bill requires the prior recommendation of the President except a bill under article 3.
• Both the house of parliament have equal legislative jurisdiction over ordinary Bill.
• If any dead lock happens between the two houses regarding the bill the President can convene a joint session of the parliament.
• Ordinary Bill is passed by a simple majority.

After passing of the ordinary bill it is send to the President and the President may give his assent or may keep it reserve or may send the bill for reconsideration of parliament only for one time.

Money Bill

1. As per article 110 of Constitution a bill is said to be money Bill if it contains provisions dealing with all or any of the following matters
2. The imposition, abolition, alteration, remission or regulation of any tax.
3. The regulations of borrowing of money or the giving of any guarantee by the government of India or the amendment of the law with respect to any financial obligations undertaken or
4.  to be undertaken by the government of India
5. The custody of the consolidated fund or the contingency fund of India, the payment of moneys into or the withdrawal of money from any such fund
6. The appropriation of moneys out of consolidated fund of India
7. The declaring of any expenditure to be charged on the consolidated fund of India or the increasing of the amount of any such expenditure
8. 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.
9. Any matter incidental to any of the matters specified in the above sub-clauses of article 110