Money Bill vs. Financial Bill: The 3 Key Differences

Money bill or financial bill sounds similar. Let's craft the difference in just three keywords.

Keyword one, origin. A money bill can be introduced only in the Lok Sabha,

while a financial bill can be introduced in Lok Sabha too, but it's not limited to money matters

alone. Keyword two, certification. Only the speaker of Lok Sabha can

certificate a bill as a money bill. Financial bill needs no certification. Keyword three,

Rajya Sabha power. Rajya Sabha cannot amend or reject a money bill, only make recommendations.

But it can suggest changes in the financial bill like an ordinary bill. So three keywords,

origin, certification and Rajya Sabha power.