What will follow if the money bill is substantially amended by the Rajya Sabha?
- The Lok Sabha may send the bill to the Rajya Sabha for reconsideration
- The Lok Sabha may still proceed with the bill, accepting or not accepting the recommendations of the Rajya Sabha
- The president may call a joint sitting for passing the Bill
- The Lok Sabha cannot consider the bill further
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.