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Procedure for Money Bills PRESIDING OFFICER OF
Money Bills deal with imposition, abolition or LOK SABHA: SPEAKER
alteration of any tax; regulations governing, The presiding officer of Lok Sabha is known as
borrowing of money and funds related to the Speaker. The Speaker is elected from
Consolidated or Contingency Fund of India. The amongst the members themselves by a majority
procedure for money bill is as follows : vote. The constitution even provides for a
g A Money Bill shall not be introduced in the Deputy Speaker to assist the Speaker in case of
Council of States. his absence.
g After a Money Bill has been passed by the Functions of the Speaker
House of the People, it shall be transmitted 1. The Speaker presides over the meetings of
to the Council of States for its recommenda- the houses. He/She decides who shall have
tions and the Council of States shall within a the floor. All speeches are addressed to the
period of fourteen days from the date of its Chair.
receipt of the Bill, returns the Bill to the
2. He/She decides on admissibility of a Motion
House of the People with its recommenda-
of Adjournment.
tions and the House of the People may
3. All bills passed by the Lok Sabha are
thereupon either accept or reject all or any
authenticated by his/her signature before
of the recommendations of the Council of
going to the Rajya Sabha.
States.
4. He/She interprets whether a bill is a Money
g If the House of the People accepts any of
Bill or an Ordinary Bill.
the recommendations of the Council of
States, the Money Bill shall be deemed to 5. He/She preserves order in the house.
have been passed by both the Houses with He/She can even use marshals to maintain
the amendments recommended by the decorum in the house.
Council of States and accepted by the 6. He/She is the ex-officio chairman of some
House of the People. committee of the house like Rules
g If the House of the People does not accept Committee.
any of the recommendations of the Council 7. He/She presides over a joint sitting of both
of States, the Money Bill shall be deemed to the houses of Parliament.
have been passed by both Houses in the 8. He/She casts his/her vote in case of a tie in
form in which it was passed by the House of Lok Sabha.
the People without any of the amendments Presiding Officer: Rajya Sabha
recommended by the Council of States.
The Rajya Sabha consists of a Chairman and a
g If a Money Bill passed by the House of the
Deputy Chairman. The Chairman of Rajya
People and transmitted to the Council of
Sabha is the Vice President while the Deputy
States for its recommendations, the Money
Chairperson is elected from amongst the mem-
Bill is not returned to the House of the
bers themselves. The Vice President is the ex-
People within the said period of fourteen
officio Chairman of Rajya Sabha and is responsi-
days, it shall be deemed to have been
ble for maintaining decorum and discipline in the
passed by both the Houses at the expiration
house.
of the said period in the form in which it
was passed by the House of the People.
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