Question

What is the difference between a money bill and a nonmoney bill?

Answer 1

The ordinary Bill (Article 107, Article 108), is concerned with any matter other than financial subjects and the money Bill (Article 110), this bill is concerned with financial matters like taxation, public expenditure, etc.

The difference between an ordinary bill and money bill is tabulated below

Ordinary Bill	Money Bill
Introduced in either Lok Sabha or Rajya Sabha.	Introduced only in Lok Sabha.
Ordinary Bill can be introduced without the recommendation of the President	Money Bill can be introduced only on the recommendation of the President
Either a Minister or private member can introduce ordinary bill	Only a Minister is allowed to introduce Money Bill in the Parliament
If the Ordinary Bill originated in the Lok Sabha, then it does not require the approval of the speaker when transmitted to Rajya Sabha.	Money Bill requires the certification of the Lok Sabha Speaker when transmitted to Rajya Sabha.
The Rajya Sabha has the power to detain the Ordinary Bill for a period of 6 months.	The Money Bill can be detained for a maximum period of 14 days only by the Rajya Sabha
Ordinary Bill can be returned for reconsideration, accepted or rejected by the President.	Money Bill cannot be returned for reconsideration by the President. The President can only accept or reject it.
In case of deadlock on Ordinary Bill there is a provision of a joint sitting	In case of Money Bill, if there is a deadlock, there is no provision of a joint sitting