CSEET · Economic and Business Environment · Indian Union Budget
Under the constitutional scheme, a Budget-related Money Bill such as the Finance Bill can be introduced only:
A Money Bill such as the Finance Bill can be introduced only in the Lok Sabha, and only on the recommendation of the President. It cannot originate in the Rajya Sabha or be brought by a private member, as these money matters rest with the Lok Sabha and the government.
- AIn the Rajya Sabha on the President's recommendation
- BIn the Lok Sabha on the recommendation of the PresidentCorrect
- CIn either House by any private member
- DIn the Lok Sabha by the Speaker on his own initiative
Explanation
Money Bills cannot be introduced in the Rajya Sabha and can be introduced only on the President's recommendation. Private members cannot introduce them, and the Speaker does not do so on his own initiative. So the Lok Sabha with the President's recommendation is correct.
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