What are Money Bills & Why are they in Supreme Court? | Drishti IAS

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In the backdrop of several notable cases, including the decisions to strike down the electoral bond scheme earlier this month and upholding the Aadhaar Act in 2018, the Supreme Court has been asked to clarify a key question: what constitutes a money Bill? Money Bills provide a fast-tracked option for the enactment of laws by Parliament. Typically, both the Lok Sabha and the Rajya Sabha must pass a Bill before it can become law under Article 107 of the Constitution. However, under Article 109, a Bill introduced as a “money Bill” only requires assent from the Lok Sabha and the Rajya Sabha merely has 14 days to consider the Bill and return it with recommendations. The Lok Sabha may either accept or reject these recommendations and enact the money Bill into law. Article 110 states that a Bill can be designated as a money Bill if it exclusively deals with certain subjects, such as taxation, financial obligations of the government of India, the consolidated fund or contingency fund of India, or “any matter incidental” to the subjects listed in the Article. The issue is now pending consideration before a seven-judge constitution bench of the court. What is the significance of this legal question and why has it come up? We discussed all the aspects of this topic here in this video.
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