Polity Study Material: Money Bill

Money Bill

A Bill is said to be a Money Bill if it contains only provisions dealing with all or any of the following matters:

  • the imposition, abolition, remission, alteration or regulation of any tax:
  • regulation of borrowing of money or creating or regulation of any tax
  • custody of the Consolidated Fund of India or Contingency Fund of India and its operation
  • appropriation of money out of the Consolidated Fund of India
  • the declaring of money charged on the Consolidated Fund of India or increasing the amount of such expenditure
  • the receipt of money on account of the Consolidated Fund of India or Public Account of India or any such expenditure
  • audit of accounts of the Union or a State; or
  • any other matter incidental to any of the matters referred to above. The Privileges of Parliament are certain rights belonging to each House collectively and some to the members individually for maintaining its freedom, status and dignity.

Privileges

The following are the privileges, viz.

  1. freedom of speech in Parliament

  2. no member of Parliament is liable to any proceedings in any court in respect of anything said or any vote given by him in Parliament or any committee thereof

  3. no person is liable in, respect of the publication by or under the orders of either House of Parliament of any report, paper, votes or proceedings.

Powers of Parliament

The privileges, powers and immunities of a House of Parliament are:

  1. that no court shall look into the validity of its proceedings

  2. no Officer or Member of Parliament is answerable to any court for exercise of the powers vested in him under the Constitution

  3. To make its own rules for regulating its procedure and business

  4. To regulate recruitment and conditions of service of persons appointed to the Secretariat of the House

  5. To punish any person for contempt of the House and breach of privileges of Members, Committees and the House.