What is correct ? i. Finance Bill can be introduced in Lok Sabha only ii. Rajya Sabha can detain the Finance Bill
i is correct
Understanding Finance Bills in the Indian Parliament
The question asks about the correct statements regarding the introduction and handling of a Finance Bill in the Indian Parliament, specifically focusing on the roles of the Lok Sabha and the Rajya Sabha.
Analysis of Statement i: Finance Bill introduction
Statement i says: "Finance Bill can be introduced in Lok Sabha only".
In India, Finance Bills are considered Money Bills because they deal with government revenue and expenditure, particularly proposals for taxation. According to Article 110 of the Indian Constitution, a Money Bill can only be introduced in the Lok Sabha (House of the People). It cannot be introduced in the Rajya Sabha (Council of States).
Therefore, statement i is correct.
Analysis of Statement ii: Rajya Sabha's power over Finance Bill
Statement ii says: "Rajya Sabha can detain the Finance Bill".
As mentioned, Finance Bills are Money Bills. The powers of the Rajya Sabha concerning Money Bills are limited. The Rajya Sabha cannot reject a Money Bill or amend it on its own. It can only suggest amendments and must return the Bill to the Lok Sabha within a period of 14 days from the date of its receipt.
If the Rajya Sabha does not return the Money Bill within 14 days, the Bill is deemed to have been passed by both Houses of Parliament in the form in which it was passed by the Lok Sabha. The Rajya Sabha's power is limited to making recommendations, not detaining (holding back indefinitely) the bill.
Therefore, statement ii is incorrect.
Conclusion
Based on the analysis of both statements:
- Statement i is correct because a Finance Bill (Money Bill) can only be introduced in the Lok Sabha.
- Statement ii is incorrect because the Rajya Sabha cannot detain a Finance Bill; it must return it within 14 days with or without recommendations.
Thus, only statement i is correct.
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