<Ol> <Li> Money Bills can be introduced only in Lok Sabha ( the directly elected ' people 's house ' of the Indian Parliament ) . </Li> <Li> Money bills passed by the Lok Sabha are sent to the Rajya Sabha ( the upper house of parliament , elected by the state and territorial legislatures or appointed by the president ) . The Rajya Sabha may not amend money bills but can recommend amendments . To make sure that Rajya Sabha does n't amend the bill by adding some non-money matters ( known as Financial Bill ) , the Speaker of the Lok Sabha certifies the bill as a money bill before sending it to the upper house , and the decision of the Speaker is binding on both the Houses . A money bill must be returned to the Lok Sabha within 14 days , or the bill is deemed to have passed both houses in the form it was originally passed by the Lok Sabha . </Li> <Li> When a Money Bill is returned to the Lok Sabha with the recommended amendments of the Rajya Sabha , it is open to the Lok Sabha to accept or reject any or all of the recommendations . </Li> <Li> A money bill is deemed to have passed both houses with any recommended amendments the Lok Sabha chooses to accept , and without any that it chooses to decline . </Li> <Li> The definition of `` Money Bill '' is given in Article 110 of the Constitution of India . A financial bill is not a Money Bill unless it fulfills the requirements of Article 110 . </Li> <Li> The Speaker of the Lok Sabha certifies if a financial bill is a Money Bill or not . </Li> <Li> Policy cut motion - disapproval of the given policy . Symbolically , the members demand that the amount of the demand be reduced to 1 INR . They may also suggest an alternative policy . </Li> <Li> Economy cut motion - it is demanded that the amount of the policy be reduced by a specified amount . </Li> <Li> Token cut motion - used to show specific grievance against the government . Also states that the amount of the demand be reduced by Rs. 100 . </Li> <Li> A money bill can only be introduced in parliament with prior permission of the President of India . </Li> <Li> Finance bill is supposed to be enacted within 75 days ( including the Parliament voting and the President assenting ) . </Li> <Li> Money bill can not be returned by the President to the parliament for its reconsideration , as it is presented in the Lok Sabha with his permission . </Li> </Ol>
<Ol> <Li> Money Bills can be introduced only in Lok Sabha ( the directly elected ' people 's house ' of the Indian Parliament ) . </Li> <Li> Money bills passed by the Lok Sabha are sent to the Rajya Sabha ( the upper house of parliament , elected by the state and territorial legislatures or appointed by the president ) . The Rajya Sabha may not amend money bills but can recommend amendments . To make sure that Rajya Sabha does n't amend the bill by adding some non-money matters ( known as Financial Bill ) , the Speaker of the Lok Sabha certifies the bill as a money bill before sending it to the upper house , and the decision of the Speaker is binding on both the Houses . A money bill must be returned to the Lok Sabha within 14 days , or the bill is deemed to have passed both houses in the form it was originally passed by the Lok Sabha . </Li> <Li> When a Money Bill is returned to the Lok Sabha with the recommended amendments of the Rajya Sabha , it is open to the Lok Sabha to accept or reject any or all of the recommendations . </Li> <Li> A money bill is deemed to have passed both houses with any recommended amendments the Lok Sabha chooses to accept , and without any that it chooses to decline . </Li> <Li> The definition of `` Money Bill '' is given in Article 110 of the Constitution of India . A financial bill is not a Money Bill unless it fulfills the requirements of Article 110 . </Li> <Li> The Speaker of the Lok Sabha certifies if a financial bill is a Money Bill or not . </Li> <Li> Policy cut motion - disapproval of the given policy . Symbolically , the members demand that the amount of the demand be reduced to 1 INR . They may also suggest an alternative policy . </Li> <Li> Economy cut motion - it is demanded that the amount of the policy be reduced by a specified amount . </Li> <Li> Token cut motion - used to show specific grievance against the government . Also states that the amount of the demand be reduced by Rs. 100 . </Li> <Li> A money bill can only be introduced in parliament with prior permission of the President of India . </Li> <Li> Finance bill is supposed to be enacted within 75 days ( including the Parliament voting and the President assenting ) . </Li> <Li> Money bill can not be returned by the President to the parliament for its reconsideration , as it is presented in the Lok Sabha with his permission . </Li> </Ol>
in india money bill is certified by whom
in india money bill is certified by whom
Speaker of the Lok Sabha
Speaker of the Lok Sabha