The Union legislature, consisting of the President and two Houses — the Lok Sabha (House of the People) and the Rajya Sabha (Council of States). A Bill becomes an Act after passage by both Houses and assent by the President; Money Bills can originate only in the Lok Sabha.
Who runs itPresided over by the Speaker in the Lok Sabha and the Chairman, who is the Vice-President, in the Rajya Sabha.
Why it is examinedMoney Bill versus Financial Bill, the Ordinance route and its replacement by a Bill, and the differing powers of the two Houses are among the most heavily examined areas in Polity.
Verify the standing facts against the official source: Sansad ↗