Learn the Types of Bills in Parliament for WBP Constable Exam

How many types of bills are there?

In the Indian Parliament, there are primarily three types of bills: Money Bills, Ordinary Bills, and Private Members' Bills.

What are the three types of financial bills?

The three types of financial bills in the Indian Parliament are:

1. Money Bills
2. Finance Bills
3. Appropriation Bills

How a bill is passed in Indian Parliament?

The process of passing a bill in the Indian Parliament typically involves several stages, including both houses of Parliament (Lok Sabha and Rajya Sabha). Here is a simplified overview of how a bill becomes law in India:

1. First Reading: The bill is introduced in either the Lok Sabha or the Rajya Sabha. During the first reading, the bill's objectives and main provisions are presented.

2. Committee Stage: The bill is referred to a parliamentary committee that examines it in detail, seeks expert opinions, and may make amendments.

3. Second Reading: The bill, along with any recommended amendments, is debated in the house where it was introduced. Members discuss its provisions and objectives.

4. Voting: After the debate, members of the house vote on the bill. If the majority approves it, the bill proceeds to the other house (Lok Sabha to Rajya Sabha or vice versa).

5. Second House: The bill goes through a similar process in the other house. If the second house makes any changes, it is sent back to the first house for approval.

6. President's Assent: Once both houses agree on the bill's final version, it is sent to the President for assent. The President's approval is usually a formality.

7. Becoming Law: After the President's assent, the bill becomes law and is published in the official gazette.

This is a simplified explanation, and the actual legislative process can vary depending on the type of bill and specific parliamentary procedures. Money Bills, for example, must originate in the Lok Sabha and have special procedures.

What is difference between money bill and Finance Bill?

Money Bills and Finance Bills are two distinct types of financial bills in the Indian Parliament. While Money Bills are exclusively for taxation, borrowing, and expenditure from the Consolidated Fund of India, Finance Bills encompass a broader range of financial matters that can affect public revenue and expenditure.

Is GST a money bill?

No, the Goods and Services Tax (GST) is not classified as a Money Bill. It is a part of the Finance Act, which is considered a Financial Bill rather than a Money Bill. Money Bills specifically deal with taxation, borrowing, or expenditure related to the Consolidated Fund of India, while Finance Bills cover a broader range of financial matters, including taxation changes like GST.