Question
Download Solution PDFThe Finance BiIl has to be passed by the parliament within how many days of its introduction?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 75.
Key Points
- The finance bill has to be passed by the Parliament within 75 days of its introduction.
- The Finance Bill can be introduced only in Lok Sabha.
- However, the Rajya Sabha can recommend amendments to the Bill.
- It must be passed in Lok Sabha by a simple majority of all members present and voting.
- A Finance Bill is a Money Bill as defined in Article 110 of the Constitution.
- A Money Bill passed by the Lok Sabha is deemed to have been passed by the Rajya Sabha also when no action is taken by the Upper House within 14 days.
Last updated on May 26, 2025
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