Topic– Part of static series under the heading “Money Bill and its passage”
4) How does a money bill differ from a financial Bill? Analyze whether the process of classifying a bill as money bill needs change?(250 words)
Key demand of the question
The focus of the question is twofold. In the first part, we need to differentiate between a money bill and a financial Bill along with relevant constitutional provisions. Thereafter, we need to explain how a bill is classified as a money bill and whether the process needs change.
Analyze – When asked to analyze, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary.
Structure of the answer
Introduction – Explain what a money bill and a financial Bill is.
- Explain the difference between along with the constitutional provisions
- Discuss how a bill is classified as a money bill. Here explain the provisions of Article 110 and the fact that the speaker has discretion to classify a bill as money Bill.
- Discuss the controversy around the classification of bill as a money bill such as in the case of Aadhar. Examine why it is important to correctly classify money bill as otherwise it takes away from the authority of Rajya sabha. Discuss what changes can be brought in.
Conclusion – Emphasize on the need for resolution and the view that SC might take.