What is a Money Bill and how is it determined?
A Money Bill is a bill that deals with financial matters, such as the imposition, alteration, regulation or abolition of taxes, the regulation of borrowing, the custody and withdrawal of funds, or the appropriation of moneys out of the Consolidated Fund of India. According to Article 110 of the Constitution of India, if any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the House of the People (Lok Sabha) shall be final. A Money Bill requires the certification of the Speaker of the Lok Sabha when it is transmitted to the Council of States (Rajya Sabha) and when it is presented to the President for assent.