Parliamentary Terms (Finance Related)

1. Budget :- Annual Financial
statement of the estimated receipts
and expenditure of the Government
of India for a financial year

2. Demand for Grant :- The estimate
of expenditure in respect of a
Ministry/Department not charged
upon the Consolidated Fund of India,
placed for approval before the House
on the recommendations of the
President.

3. Finance Bill :- A Bill ordinarily
introduced each year to give effect to
the financial proposals of the
Government for the following
financial year

4. Money Bill :- A bill containing only
provisions dealing with all or any of
the matters specified in sub-clauses
(a) to (g) of Clause (1) of Articel 110
of the Constitution. (Such a bill
cannot be introduced without the
recommendation of the President and
it also cannot be introduced in the
Rajya Sabha.

5. Appropriation Bill :- A Bill passed
annually (or at various times of the
year) providing for the withdrawal or
appropriation from and out of the
Consolidated Fund of India of moneys
by Lok Sabha and moneys charged on
the Consolidated Fund for the
services of a financial year or a part
thereof.

6. Cut motion :- A motion for
reduction of a demand for grant by or
to a specified amount. Cut motion
can be of three types - Disapproval of
policy cut, Economy cut and Token
cut

7. Vote on Account :-A grant made by
Lok Sabha in advance in respect of
the estimated expenditure of the
Government of India for a part of a
financial year pending the voting of
Demands for Grants for the financial
year. A Motion for Vote on Account is
dealt with in the same way as if it
were a demand for grant.