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  2. Lok Sabha - Wikipedia

    en.wikipedia.org/wiki/Lok_Sabha

    The Lok Sabha, also known as the House of the People, is the lower house of Parliament of India which is bicameral, where the upper house is Rajya Sabha. Members of the Lok Sabha are elected by an adult universal suffrage and a first-past-the-post system to represent their respective constituencies, and they hold their seats for five years or until the body is dissolved by the president of ...

  3. Federalism in India - Wikipedia

    en.wikipedia.org/wiki/Federalism_in_India

    The Prime Minister is usually a leader of either the majority party or the largest party in the Lok Sabha (House of the People) and can either be directly elected by the citizens of a particular Lok Sabha constituency or be indirectly elected as a member of the Rajya Sabha. The citizens of the individual States directly elect their Governor.

  4. Money bill - Wikipedia

    en.wikipedia.org/wiki/Money_bill

    A money bill must be returned to the Lok Sabha within 14 days, or the bill is deemed to have passed both houses in the form it was originally passed by the Lok Sabha. When a Money Bill is returned to the Lok Sabha with the recommended amendments of the Rajya Sabha, it is open to the Lok Sabha to accept or reject any or all of the recommendations.

  5. List of committees of the Parliament of India - Wikipedia

    en.wikipedia.org/wiki/List_of_committees_of_the...

    Till 13th Lok Sabha, each of these standing committees used to consist of 45 members— 30 nominated by the Speaker from amongst the members of Lok Sabha and 15 members nominated by the Chairman, Rajya Sabha from amongst the members of Rajya Sabha. However, with re-structuring of DRSCs in July, 2004 each DRSC consists of 31 members—21 from ...

  6. What is the Federal Reserve? A guide to the world’s most ...

    www.aol.com/finance/federal-guide-world-most...

    What does the Federal Reserve do? The Federal Reserve has five key functions to help promote a strong economy: Conducting monetary policy: The U.S. central bank’s most well-known function ...

  7. Part XI of the Constitution of India - Wikipedia

    en.wikipedia.org/wiki/Part_XI_of_the...

    Articles 245–255 on Distribution of Legislative Powers. The Constitution provides for a three-fold distribution of legislative subjects between the Union and the states, viz., List-I (the Union List), List-II (the State List) and List-III (the Concurrent List) in the Seventh Schedule: (i) The Parliament has exclusive powers to make laws with respect to any of the matters enumerated in the ...

  8. Government of India - Wikipedia

    en.wikipedia.org/wiki/Government_of_India

    The council as a whole is responsible to the Lok Sabha. [26] The Lok Sabha is a temporary house and can be dissolved only when the party in power loses the support of the majority of the house. The Rajya Sabha is a permanent house and can never be dissolved. The members of the Rajya Sabha are elected for a six-year term. [27]

  9. Seventh Schedule to the Constitution of India - Wikipedia

    en.wikipedia.org/wiki/Seventh_Schedule_to_the...

    The Seventh Schedule to the Constitution of India specifies the allocation of powers and functions between the Union and the State legislatures. It embodies three lists; namely, the Union List, the State List, and the Concurrent List. [1] The Union list enumerates a total of 97 subjects over which the power of the Union parliament extends.