What is the difference between an ordinary bill and a money bill? How a money bill is passed?

The bill introduced in the parliament is of two types- Ordinary bill or Non-money bill and the second one is the Money bill.

The Money bills are bills which contain provisions with regards to

1. The imposition, abolition, remission, alteration or regulation of any tax.

2. The regulation of borrowing of money or giving of any guarantee by the govt. of India.

3. The custody of the consolidated fund or the contingency fund.

4. The appropriation of the money out of the consolidated fund.

5. The receipt of money out of the consolidated fund or public account.

All other bills apart from the money bills are the ordinary bills.

The money Bill cannot be introduced in the Rajya Sabha. It is only introduced in the Lok Sabha and through the normal procedure the bill is passed. After that the bill is sent to the Rajya sabha for the recommnedation which has to send the recommmendation within 14 days failing to which the bill is considered passed. Even if the Rajya Sabha sends it recommendations within 14 days , it is the discretion of the Lok Sabha to consider it or not. After that the bill is sent to the president for the final assent who cannot withhold it.