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Money Bill
Punjab Governor Banwarilal Purohit Thursday gave his approval to a money Bill, one of the three proposed legislations withholding consent to which created a row, to table it in the assembly, and also prorogued the Budget session that was convened in March. The governor's approval is mandatory to table a money bill in the Vidhan Sabha. Official sources said on Thursday the governor has approved the Punjab Fiscal Responsibility and Budget Management (Amendment) Bill, 2023. Earlier, he had approved two other money Bills: the Punjab Goods and Services Tax (Amendment) Bill, 2023, and the Indian Stamp (Punjab Amendment) Bill, 2023. The governor, meanwhile, also prorogued the Budget session, a day after the Punjab Assembly secretariat wrote to Purohit for it. "The fourth (Budget) session of Sixteenth Punjab Vidhan Sabha, which was adjourned sine-die at the conclusion of its sitting held on the 20th October, 2023 has been prorogued by an order of the Governor of Punjab, dated 15th November
The Supreme Court on Thursday said it will pass a common order in several nine-judge and seven-judge bench matters, including those relating to money bills and the speaker's power to disqualify MLAs, to get them ready for hearing. A seven-judge bench headed by Chief Justice D Y Chandrachud took up six seven-judge and four nine-judges matters for consideration. One of the seven-judge bench matters pertains to the correctness of the 2016 Nabam Rebia verdict relating to the speaker's power on disqualification of MLAs. It was pronounced by a five-judge Constitution bench. "... The idea is to get these matters ready for hearing. We will pass a common order in all these matters in terms of the circular of August 22, 2023 that the compilation of pleadings, documents and precedents that must be all filed within say... we will give three weeks to everyone," the CJI said. "We will appoint nodal counsel in every matter who will then prepare a common compilation," said the bench, also compris
Congress leader Jairam Ramesh Thursday expressed hope that the Supreme Court will soon pronounce a verdict on his pleas challenging the "unconstitutional manner" in which the government passed key legislations by declaring them money bills and said it will have far-reaching implications on Parliament's functioning. Ramesh's remarks came after last week the Supreme Court said it will constitute a seven-judge bench to consider the issue of the validity of passage of laws like the Aadhaar Act as a money bill. In a post on X, Ramesh said, "Finally, the Supreme Court has set up a seven-judge bench, headed by the CJI (Chief Justice of India) himself, to hear my petitions challenging the unconstitutional manner in which the (Narendra) Modi government has passed key bills by getting them declared as Money Bills." "I have repeatedly raised this issue in the Parliament and outside it through three petitions in the Supreme Court first one filed on April 6th, 2016, as it denies the Rajya Sabh
Money Bill is the most crucial part of any Union Budget. It comes under the Finance Bill and tells us about taxation and government spending. Our next report tells us more about Money Bill
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