With reference to the Indian Parliament, consider the following statements:
1. If the Central Government wants to transfer a subject from the State List to the Union or Concurrent List in the national interest, the approval of the Rajya Sabha is mandatory.
2. A Money Bill can only be introduced in the Lok Sabha, which has the final authority to accept or reject any changes proposed by the Rajya Sabha.
Which of the statements given above is/are correct?

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Accepted Answer

Both statements are correct. Rajya Sabha has the special power under the Constitution to declare that it is necessary or expedient in the national interest that Parliament should make laws with respect to a matter in the State List. Money Bills can only be introduced in the Lok Sabha, and the Rajya Sabha cannot reject or amend them; it can only make recommendations which the Lok Sabha may accept or reject.

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