Money Bill

Punjab Guv gives approval to table 3rd money Bill; prorogues Budget session

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

SC to pass common order in several nine-judge, seven-judge bench matters

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

Hope SC will soon pronounce verdict on money bill issue: Jairam Ramesh

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

What is a money bill? What are its provisions and what is its significance?

When the Aadhaar Act in 2016 was passed as a money bill, it raised constitutional questions about money bills and their classification

Minister, Opposition spar after Data Bill classified as 'financial Bill'

According to the Bill's 'financial memorandum', it envisages the creation of a Data Protection Board of India

Delhi Assembly's monsoon session to begin soon; Money bill to be tabled

The two-day Monsoon session of the Delhi Assembly will be held on July 4 and 5, in which the AAP govt is likely to table a Bill for hike in the salaries of MLAs

What is Money Bill?

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

TMS Ep94: Swiggy, Accenture's Piyush Singh, markets, Money Bill

What is behind Swiggy's $10.7 bn valuation jump? What is Piyush Singh's take on Covid-disruption and India businesses? Are the markets in for a wild ride? What is Money Bill? Find all answers here

SC's Finance Bill order will help curb abuse of Money Bill route: Ramesh

New rules were framed for appointments in 19 judicial and quasi-judicial tribunals in the Finance Bill which was introduced in the Parliament as a Money Bill.

Manmohan Singh raps Modi govt for misuse of 'money bill' provisions

Singh was speaking on the occasion of the 250th session of the Rajya Sabha

Letter to BS: Did govt declare Finance Act as Money Bill to junk RS voting?

It is felt that declaring a particular Bill as Money Bill by the Lok Sabha Speaker must not leave any scope for doubt.

Supreme Court strikes down amended Finance Act rules for tribunals

Validity of Act as Money Bill referred to a larger Bench

GST amendments via Finance Bill: A cheeky run by Modi government

The government seems well within its ambit to amend the law through the Finance Bill

The opaque trail

Political funding is somewhat opaque and difficult to track

Explained: The Money Bill route and why the opposition is up in arms

What is the role of the Rajya Sabha in the Indian parliament?