What is the definition of 'Money Bills' in the Indian Constitution?
As per the Indian Constitution, a Bill is deemed to be a Money Bill if it contains only provisions dealing with one or more of the following matters: (a) imposition, abolition, remission, alteration, or regulation of any tax; (b) regulation of borrowing money or giving guarantees by the State, or amendment of the law concerning financial obligations undertaken or to be undertaken by the State; (c) custody of the Consolidated Fund or the Contingency Fund of the State, payment of moneys into or withdrawal of moneys from such funds; (d) appropriation of moneys out of the Consolidated Fund of the State; (e) declaration of any expenditure to be charged on the Consolidated Fund of the State or increasing the amount of such expenditure; (f) receipt of money on account of the Consolidated Fund of the State or the public account of the State, or custody or issue of such money; (g) any matter incidental to the matters specified in subclauses (a) to (f). However, a Bill is not considered a Money Bill solely because it provides for the imposition of fines or other pecuniary penalties, fees for licenses or services, or regulation of any tax by a local authority or body for local purposes.