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What are the powers of Rajya Sabha with respect to the Money Bill?

money powers rajya respect sabha
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What are the powers of Rajya Sabha with respect to the Money Bill?

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Ans: A Money Bill is introduced only in Lok Sabha and after it is passed by that House, it is transmitted to Rajya Sabha for its concurrence or recommendation. Rajya Sabha has to return the Money Bill to Lok Sabha within a period of fourteen days from its receipt. Rajya Sabha cannot amend the Money Bill directly; it can only recommend amendments to the Bill. Lok Sabha may either accept or reject all or any of the recommendations made by the Rajya Sabha. If Lok Sabha accepts any of the recommendations made by Rajya Sabha, the Bill is deemed to have been passed by both the Houses with the amendments so recommended and accepted. If, however, Lok Sabha does not accept any of the recommendations of Rajya Sabha, the Money Bill is deemed to have been passed by both Houses of Parliament in the form in which it was passed by Lok Sabha without any of the amendments recommended by Rajya Sabha.

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