Question

Mention the constitutional proceedings regarding the passage of a MONEY bill after it is deemed to be passed by both the houses - Lok Sabha and Rajya Sabha. :-)

Answer 1

Dear Student,
After the money bill is finally passed by the Lok Sabha it is presented to the President for his assent. The President however cannot withhold assent to a money bill because it is introduced in the Parliament with the previous assent of the President. The bill is considered to be passed.