Who has the final power to decide whether a bill introduced in the Lok Sabha is a Money Bill or not?

💡 Solution & Explanation

Article 110, clause 3 of the Indian Constitution grants the Speaker of the Lok Sabha the absolute and final authority to determine whether any legislative proposal constitutes a Money Bill. Neither the Prime Minister nor the presiding officer of the upper house possesses the constitutional prerogative to override this certification. This provision ensures legislative efficiency and prevents protracted bicameral deadlocks over financial legislation. The decision of the Speaker on this matter cannot be questioned in any court of law.