Question

What power does the Lok Sabha exercise in the matter of money?

Answer 1

Hint: Lok Sabha practices a greater number of forces than Rajya Sabha in cash matters. When the Lok Sabha passes the spending plan of the public authority or some other cash related law, the Rajya Sabha can't dismiss it. The Rajya Sabha can postpone it by 14 days or recommend changes in it. The Lok Sabha might acknowledge these changes.

Complete answer:
A Bill is considered to be a 'Cash Bill' in the event that it contains just arrangements managing all or any of the accompanying issues: The burden, annulment, reduction, adjustment or guideline of any duty; the guideline of the getting of cash or giving of any assurance by the Government of India, or the correction of the law regarding any monetary commitments embraced or to be attempted by the Government of India; The guardianship of the Consolidated Fund or the Contingency Fund of India, the installment of cash into or the withdrawal of funds from any such Fund; the allotment of cash out of the Consolidated Fund of India; the proclaiming of any use to be use charged on the Consolidated Fund of India or the expanding of the measure of any such use; the receipt of cash by virtue of the Consolidated Fund of India or the public record of India or the care or issue of such cash or the review of the records of the Union or of a State; or any issue accidental to any of the issues determined in sub-provisions. A Money Bill can be presented distinctly in the Lok Sabha. The Rajya Sabha can't make alterations in a Money Bill passed by the Lok Sabha and sent to it. It can notwithstanding, suggest changes in a Money Bill. It is available to the Lok Sabha to acknowledge or dismiss any or the entirety of the suggestions of the Rajya Sabha concerning a Money Bill.

Note: If the Lok Sabha perceives any of the proposition of the Rajya Sabha, the Money Bill is considered to have been passed by the two Houses with changes suggested by the Rajya Sabha and acknowledged by the Lok Sabha and if the Lok Sabha doesn't acknowledge any of the proposals of the Rajya Sabha, the Money Bill is considered to have been passed by the two Houses in the structure in which it was passed by the Lok Sabha with no of the corrections suggested by the Rajya Sabha.