class="font-size--16 MsoNormal"The issue of money bills
should be the matter for the two speakers to determine and not the resolutions of the two Houses," Mr Mbadi said.
Chidambaram argued that the UPA government at the Centre had passed such amendments as an ordinary bill, while the present government had passed such amendments as money bills
Speaking here in the National Assembly, the minister said Article 73 to Article 87 of the Constitution defines about the power of National Assembly on Money Bills
. As per these rules, a Money Bill
shall originate in the National Assembly but should be laid before the Senate for debate.
Liew said the senate only has the right to debate money Bills
, but added that it has the right to refer non-money Bills back to the Dewan Rakyat for amendments.
These bills are outside the mandatory money bills
(Appropriation bills), which the Constitution requires the President to present within every financial year.
CAMP DIEGO SILANG, La Union - Authorities in Bauang town nabbed a member of a syndicate using fake money bills
in the public market of Barangay Central West, Bauang, La Union on Wednesday.
Zarnishan Yusif said that the exhibited works are divided into three series: one includes banknotes of different countries, the second is works devoted to Chinese money, the third series of works is completely devoted to money bills
Earlier, the opposition parties staged a protest walkout from the House when the government presented the reports containing recommendations of the Senate Standing Committee on Finance on four money bills
that were part of the tax amnesty scheme of the government and were early laid before the House in the form of presidential ordinances.
Another walkout was staged by the combined opposition when three controversial ordinances recently promulgated by the president were laid in the house as money bills
. They are: Foreign Assets (Declaration and Repatriation) Ordinance 2018, Voluntary Declaration of Domestic Assets Ordinance 2018 and Income Tax (Amendment) Ordinance 2018.
The amendments extends the term of the suspension of tax on capital gains resulting from dealing in money bills
in the stock market for another three years until 2020.
"If it goes unchallenged then it sets a very wrong precedent that governments can get any legislation passed by making them Money Bills
. This disrupts constitutional functioning.
This is what the Constitution allows in the case of money Bills