Chairman M Venkaiah Naidu said it was a
Money Bill, to which the Law Minister said that he was willing to have a discussion on the judiciary in November.
ISLAMABAD -- Minister for Parliamentary Affairs Muhammad Azam Khan Swati on Tuesday stressed the need to create balance between Senate and National Assembly on monetary affairs including
Money Bills.
Why Aadhaar as a
money bill is a fraud on the constitution
IANS New Delhi Justice DY Chandrachud, a member of the five-judge Supreme Court bench on Aadhaar issue, on Wednesday held that the Aadhaar Act cannot be treated as a
money bill and passing it as one will be a fraud on the Constitution.
Summary: Decision of Lok Sabha Speaker on whether a bill can be treated as
money bill can be subjected to judicial review, Justice Chandrachud says
However, the levy was challenged in courts due to various reasons including the argument that GIDC could not be imposed on gas consumers through a
money bill. The GIDC ordinance was promulgated during the tenure of the current government to give legal cover to the levy following amendments through Finance Act 2014.
Read: (http://www.ibtimes.com/protest-illinois-over-budget-not-passing-how-state-suffers-when-money-bill-isnt-2545652) Protest In Illinois Over Budget Not Passing: How A State Suffers When
Money Bill Isn't Passed
The fact that Jaitley requested for suspension of Rule 80 proves that he knew that he could not present these amendments as
money Bill during the normal course of business.
It did not have to be passed by both houses, because, Finance Minister Arun Jaitley took care to introduce it as a
money bill. The step was taken to pre-empt any attempt by the opposition to create obstacles in its passage in the Rajya Sabha where the ruling NDA does not enjoy a majority.
The Bill was hotly debated in the Upper House for hours after which it passed four amendments moved by Congress member Jairam Ramesh, who argued the legislation was not a
money bill.
Jaitley was primarily reacting to the opposition stalling the government's attempt to clear certain amendments to the Foreign Contribution (Regulation) Act, 2010 (FCRA), Securities Contracts (Regulation) Act, 1956 (SCRA), Foreign Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA), along with the finance bill and the black
money bill, by tagging them as
money bills.
* Only the House of Commons could originate
money bills. This meant that each
money bill had to be introduced in the Commons by a member of that chamber, considered by a committee of that chamber (which might be the committee of the whole), perhaps suffer amendments in the same body, and then win a majority vote therein--all before being sent to the Lords.
