DIMAPUR, OCTOBER 19 (MExN): The Department of Law and Justice has issued a circular regarding the handling of Money Bills under the Constitution of India. The circular listed the bills that are deemed to be Money Bills under Article 199(1) of the Constitution of India.
They include imposition, abolition, remission, alteration, or regulation of any tax; regulation of borrowing money or providing guarantees by the State, or amending laws related to financial obligations; custody of the Consolidated Fund or Contingency Fund of the State, along with the deposit and withdrawal of funds from these funds; appropriation of funds from the Consolidated Fund of the State; withdrawal of funds from the Consolidated Fund of the State or increasing expenditure; receipt of funds for the Consolidated Fund of the State or the public account of the State, and the management and issuance of such funds; and any matter incidental to the above-listed subjects (a) to (f).
In addition, Article 207(1) of the Constitution mandates the recommendation of the Governor for moving or introducing Money Bills or amendments in the Legislative Assembly, except bills related to the reduction or abolition of taxes. It asked all government departments to ensure that they obtain prior recommendations from the Governor before moving or introducing Money Bills or amendments in the Legislative Assembly, except in cases of reducing or abolishing taxes.
