Q. Consider the following statements:
1.A money Bill can only be introduced in the Lok Sabha.
2.The money Bill needs only the approval of the Lok Sabha to become law.
3.The classification of a Bill as a money Bill by the Speaker comes under the judicial review.
4.Financial Bills of Category I and II do not enjoy the special procedure of money Bills.
How many of the statements given above are correct?
Explanation –
Statements 1, 2, and 4 are correct. As per Article 109 of the Indian Constitution, a Money Bill can only be introduced in the Lok Sabha. A Money Bill only needs to be passed by the Lok Sabha. The Rajya Sabha can make recommendations on the Bill within 14 days, but these recommendations are not binding, and the Lok Sabha can choose to accept or reject them. Financial Bills of Category I and II do not follow the special procedure of Money Bills. They can be introduced in either House of Parliament and require approval from both Houses.
Statement 3 is incorrect. The classification of a Bill as a money Bill by the Speaker of the Lok Sabha is generally considered final and not subject to judicial review. However, the Aadhaar Act case is a notable example where the Supreme Court reviewed the Speaker’s decision to classify the Bill as a money Bill. Hence, in general terms, it is not subject to judicial review, except in certain circumstances involving constitutional violations or illegality.
Source: The Hindu
