Money Bill vs Ordinary Bill Money Bill is called that which includes acts related to the levy of tax and elimination of tax, borrowing, withdrawal of money from the accumulated fund, audit, and accounting. An Ordinary Bill has to pass through various levels to become law. This bill includes all matters except Money Bill and Finance Bill.
Difference Between Money Bill vs Ordinary Bill
The Monsoon Session of Parliament has seen a lot of ruckus so far. Amidst the uproar, many bills have been introduced and many more are yet to be introduced. At the same time, the discussion of terming the Digital Personal Data Protection Bill as a financial bill ie Money Bill intensified, on which Union IT Minister Ashwini Vaishnav on Thursday denied this allegation and termed it as a ‘normal bill’.
Explain that the government introduced the Digital Personal Data Protection Bill in the Lok Sabha. The bill aims to make entities like internet companies, mobile apps, and business houses more responsible and accountable regarding the collection, storage, and processing of data. Money Bill vs Ordinary Bill.
What is a money bill?
The definition of the Money Bill has been given in Article 110 of the Constitution. A money bill is one that includes acts relating to levying and abolishing taxes, borrowing, withdrawal of money from the Consolidated Fund, audit, and accounting. A money bill is introduced only for discussion in the Lok Sabha. Only a minister can introduce a money bill. Money Bill vs Ordinary Bill.
What is an ordinary bill?
An ordinary bill has to pass through various levels to become law. This bill includes all matters except Money Bill and Finance Bill. An ordinary bill can be introduced in either the Lok Sabha or the Rajya Sabha. Also, an ordinary bill can be introduced by a private member other than a minister. Money Bill vs Ordinary Bill.
Difference between Ordinary Bill and Money Bill
| Ordinary Bill | Money Bill |
| An ordinary bill can be introduced in either house. | A money bill can be introduced only in the Lok Sabha. |
| An ordinary bill can be introduced by a minister or any other member. | Only a minister can introduce a money bill in the Lok Sabha. |
| The permission of the President is not required to introduce an ordinary bill. | The introduction of a money bill requires the assent of the President. |
How is a money bill passed?
The money bill is mentioned in Article 109 of the Constitution. This bill is introduced only in the Lok Sabha, it cannot be introduced in the Rajya Sabha. Along with this, the permission of the President is needed to introduce the Money Bill in the Lok Sabha.
