Democratic Politics

The proposal for a law when introduced in the legislature is called a bill. When a bill is passed by the proper procedure, it is called a law. Until, it is not passed, bill is not called a law.
Passing of an Ordinary Bill :
After introduction, a bill is considered several times before its passage. The progress of considering the bill is known as its reading. In case of Ordinary Bill, three readings are gone through in each House.
In the first stage only the name and the purpose of the bill is given and the same is circulated among all the members of the House can introduce the bill. If the house is in favour of the introduction of the bill, which is called its first Reading, then the bill goes to the second stage.
In the second stage clause by discussion of the bill is taken and some changes are made by the approval of the House. Sometimes, a bill is sent to a small committee for its special recommendations. If these recommendations are approved by the House they are incorporated in the bill.
Then comes the last stage or the third stage when the bill as a whole is put to vote. If it is passed by a simple majority, then it is sent to the other House, where the same procedure is followed.
Finally, when the bill is passed by both the Houses of Parliament, It is sent to the President for his assent after his assent, it becomes a law.
Difference in the Procedure of passing an Ordinary Bill and a Money Bill :
1. An ordinary Bill can be introduced in any of the two Houses of the Parliament (Lok Sabha or Rajya Sabha) but a Money Bill can only be introduced in the Lok Sabha.
2. An Ordinary Bill can be introduced both by the Government or by any member of the House, but a Money Bill can only be introduced by the Government.
3. An Ordinary Bill is to be passed by both the House of the Parliament and then it is sent to the President for his assent. If both the Houses don’t agree, then a joint sitting of the two Houses is called under the chairmanship of the Speaker of the Lok Sabha and then it is passed or rejected by an majority of the members present.
As for a Money Bill is concerned, the Rajya Sabha has no powers whatsoever to make a change in the bill passed by the Lok Sabha. It can only delay the passage of the Money Bill for 14 days only and after that the Money Bill is deemed to have been passed by both the Houses.