| Stage | Description |
|---|---|
| Presentation of Budget | Budget presented by the Finance Minister followed by 2-3 days of adjournment for members to study the budget |
| General Discussion | About two weeks of discussion before a three-week recess; Departmentally Related Standing Committees review the demands for grants of respective ministries during recess |
| Voting on Demand for Grants | After recess,Lok Sabha votes on demands for grants; cut motions may be introduced with the Speaker's permission |
| Passing of Appropriation Bill | Authorization of expenditure from the Consolidated Fund of India; the bill must be passed to withdraw funds |
| Passing of Finance Bill | Finance Bill includes taxation proposals; Parliament typically does not increase tax rates over the finance minister’s proposal but can propose reductions or abolitions |
| Constitutional Backing & Parliamentary Powers | Enshrined in Articles 112–117; no grant or expenditure proposed without President’s recommendation; Parliament conventionally does not increase proposed tax rates but may suggest decreases or abolitions |
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