I. A Money Bill shall not be introduced in the Rajya Sabha.
II. The Rajya Sabha has no power to reject a Money Bill but can suggest amendment(s).
Which of the statements given above is/are correct?
Analyzing Statements on Money Bill Procedure
Statement I: Introduction in Rajya Sabha
Statement I asserts that a Money Bill cannot be introduced in the Rajya Sabha. According to Article 110 of the Constitution of India, a Money Bill specifically deals with financial matters like taxation, government expenditure, and borrowing. Such bills must be introduced first in the Lok Sabha, the lower house of the Parliament. The Rajya Sabha, the upper house, does not have the authority to initiate a Money Bill.
Therefore, Statement I is correct.
Statement II: Rajya Sabha's Power over Money Bills
Statement II claims the Rajya Sabha cannot reject a Money Bill but can suggest amendments. The Constitution empowers the Rajya Sabha to review Money Bills passed by the Lok Sabha. However, its powers are limited:
- The Rajya Sabha cannot reject a Money Bill outright.
- It cannot amend a Money Bill directly. It can only recommend amendments.
- If the Rajya Sabha fails to return the Bill within 14 days (from the date of its receipt), it is deemed to have been passed by both Houses in the form in which it was sent to the Rajya Sabha.
- The Lok Sabha has the final authority to accept or reject any of the recommendations made by the Rajya Sabha.
Since the Rajya Sabha cannot reject and can only suggest amendments, Statement II is also correct.
Conclusion
As both Statement I and Statement II are correct, the appropriate option is the one that includes both.
Correct Answer: Option C (Both I and II)
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