TMI BlogDefinition of "Money Bills"X X X X Extracts X X X X X X X X Extracts X X X X ..... b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India; (c) the custody of the Consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund; (d) the appropriat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gulation of any tax by any local authority or body for local purposes. (3) If any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the House of the People thereon shall be final. (4) There shall be endorsed on every Money Bill when it is transmitted to the Council of States under article 109, and when it is presented to the President for assent under article 11 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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