Beruflich Dokumente
Kultur Dokumente
Discussion
(b) Lok Sabha by a majority of not less than two-thirds of its total
membership
• Introduction of Bill-
Either house of Parl. But NOT in State Legislatures
Either by a minister or by a private member
Does NOT require prior permission of the President
• Types of Majorities
Simple Majority - majority of more than 50% of the members present
and voting.
Absolute majority - It refers to a majority of more than 50% of
the total membership of the house.
Effective Majority - means more than 50% of the effective strength of
the house ( excluding vacant seats)
a) Under Art.61 - A resolution under this is passed by not less than 2/3rd of
the total strength of the House, including the number of vacancies.
a) Art 368 (with state ratification) - 2/3rd members present and voting
supported by more than 50% of the state legislatures by a simple
majority.
Type of Questions - 4
3. All the disbursements made from Public Account also need the
authorization from the Parliament of India.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 3
(2.) A Bill is not deemed to be Money Bill by reason only that it provides for the imposition of fines or
other pecuniary penalties, or for the demand or payment of fees for licences or fees for services rendered, or
by reason that it provides for the imposition, abolition, remission, alteration or regulation of any tax by any
local authority or body for local purposes….
• Finance Bill is a secret bill introduced every year in Lok Sabha (Lower chamber of the Parliament)
immediately after the presentation of the Union Budget, to give effect to the financial proposals
of the Government of India for the immediately following financial year.
• Rule 219 of the Rules of Procedure of Lok Sabha defines a Finance Bill to also include a Bill that gives
effect to supplementary (additional) financial proposals for any period.
• Finance Bill/Act normally deals with income tax, customs, service tax, central excise, cess and
related aspects and is intended to help implement the Budget.
• The Finance Bill is presented at the time of presentation of the Annual Financial Statement before
Parliament, in fulfillment of the requirement of Article 110 (1)(a) of the Constitution, detailing
the imposition, abolition, remission, alteration or regulation of taxes proposed in the Budget. It is
through the Finance Act that amendments are made to the various Acts like Income Tax Act 1961,
Customs Act 1962 etc.
• Finance Bill is generally limited to Article 110(1)(a) & (g) - the imposition, abolition, remission,
alteration or regulation of any tax and any matter incidental thereto.