Indian Polity: Bills Passed By Parliament

There are three types of bills passed by Parliament:

1) Ordinary Bill(Article 107):

1. A bill other than money or financial bill is termed as ordinary bill
2. This bill may originate in either house of parliament.
3. this bill is firstly passed by both the houses of parliament and if there is any deadlock , President may call for the Joint Session. Joint session is presided by speaker of Loksabha.
4. President may :
5. a) Pass the bill.
6. b) Hold the Bill(Pocket Veto).
7. c) Returnback the bill(Suspensive Veto
8. d) Cancel the bill(Absolute Veto), Bill which are presented by ministers cannot be cancelled by the president.

2) Money Bill(Article 110):         

1. Bill is money bill if contains: a) the imposition, abolition, remission, alteration or regulation of any b) borrowing by government, money required from consolidated fund of India or any other money related matter
2. Articles 109 and 110 deal with Money Bills.
3. A Money Bill can only be introduced in the LokSabha. It can not be introduced in RajyaSabha.
4. The Money Bill can be introduced without the recommendation of the President.
5. No dead lock occurs.
6. No Joint Session of House necessary.
7. A Money Bill is passed by LokSabha. Thereafter it is sent to RajyaSabha for recommendations. RajyaSabha must return it within 14 days, with or without recommendations.
8. LokSabha may consider or may not consider the recommendations of the RajyaSabha pertaining to Money Bills.
9. Whether it is a Money Bill or not, the Speaker has to give a certificate and shall be endorsed only it. (Art. 110(4).

3) Financial Bill(117):

1. A financial bill include two or more than two money matters or one money matter and other ordinary matter.
2. All Money bills = Financial bills but all Financial bills ≠ Money bills.
3. This bill always originate in Loksabha and then passed to RajyaSabha.
4. After passing from LokSabha this bill behave like ordinary bill