Lok Sabha Powers
1. Motions of no confidence against the government can only be introduced and passed in the Lok Sabha. If passed by a majority vote, the Prime Minister and the Council of Ministers resigns collectively. The Rajya Sabha has no power over such a motion, and hence no real power over the executive.
2. Money bills can only be introduced in the Lok Sabha, and upon being passed, are sent to the Rajya Sabha, where it can be deliberated on for up to 14 days.
If not rejected by the Rajya Sabha, or 14 days lapse from the introduction of the bill in the Rajya Sabha without any action by the House, or recommendations made by the Rajya Sabha are not accepted by the Lok Sabha, the bill is considered passed.
The budget is presented in the Lok Sabha by the Finance Minister in the name of the President of India.
3. Equal Powers with the Rajya Sabha in initiating and passing any Bill for Constitutional Amendment (by a majority of the total membership of the House and at least two-thirds majority of the members present and voting).
4. Equal Powers with the Rajya Sabha in initiating and passing a motion for the impeachment of the President (by two-thirds of the membership of the House).
5. Equal Powers with the Rajya Sabha in initiating and passing a resolution declaring war or national emergency (by two-thirds majority) or constitutional emergency (by simple majority) in a state.
6. If the Lok Sabha is dissolved before or after the declaration of a National Emergency, the Rajya Sabha becomes the sole Parliament. It cannot be dissolved. This is a limitation on the Lok Sabha. But there is a possibility that president can exceed the term to not more than 1 year under the proclamation of emergency and the same would be lowered down to six-month if the said proclamation ceases to operate.
Rajya Sabha Powers
1. Under Art. 67, a resolution seeking the removal of the Vice-President can originate only in the Rajya Sabha. After the Rajya Sabha passes such a resolution by a majority of the then members of the House, it goes for approval of the Lok Sabha.
2. Any resolution seeking creation of one or more All-India Services, including All-India Judicial Services, if such is necessary or expedient in the national interest, can only be initiated in the Rajya Sabha. Only after the Rajya Sabha passes a resolution to this effect by a special majority, i.e.. Two-thirds of the members present and voting, can the Parliament legislate on this.
3. A resolution seeking legislation on any subject of the State List can only originate in the Rajya Sabha, if it thinks that such is necessary or expedient in the national interest (Art. 249).