147. (1) A Bill making provision-
(a) for imposing, abolishing, remitting, altering or regulating any tax ; or
(b) for regulating the borrowing of money, or giving any guarantee by the Government, or for amending the law with respect to any financial obligations undertaken or to be undertaken by the Government; or
(c) for declaring any expenditure to be expenditure charged on the public revenues, or for increasing the amount of any such expenditure shall be deemed as a money Bill and shall not be introduced or moved except on the recommendation of the Government.
(2) A Bill or amendment shall not be deemed to make provision for any of the purposes aforesaid by reason only that it provides for the Imposition of fines or other pecuniary penalties, or for the demand and payment of fees for licenses or fees for services rendered, or by reason that it provides for the imposition, abolition, remission, alteration, or regulation of tax by any local authority or body for local purposes.
(3) In case of dispute whether a Bill is a money Bill or not, the decision of the Speaker, or in his absence of the Deputy Speaker, shall be final. All politico-social and politico-economic Bills of fundamental importance shall be referred to the Economic Council concerned for its consideration and report, before they are discussed in detail and passed by the Legislature. The Economic Council shall also have the right to initiate drafts of such Bills and refer them to the Legislature through the Ministry. The Economic Council shall report on Bills referred to it within a period of three months.