What will follow if the money bill is substantially amended

• Legislature

What will follow if the money bill is substantially amended by the Rajya Sabha?

1. The Lok Sabha may send the bill to the Rajya Sabha for reconsideration
2. The Lok Sabha may still proceed with the bill, accepting or not accepting the recommendations of the Rajya Sabha
3. The president may call a joint sitting for passing the Bill
4. The Lok Sabha cannot consider the bill further

Answer

A Money Bill can be introduced only in the Lok sabha on the recommendations of the President. The Rajya sabha cannot initiate a Money Bill nor can it reject or amend it after passage by the Lok sabha. The Rajya sabha must return a Money Bill within 14 days of receipt, after which the Lok sabha may accept any of its recommendations.

The correct option is B.