Consider the following statements: 1. The Rajya Sabha has no power either to reject or to amend a Money Bill. 2. The Rajya Sabha cannot vote on the Demands for Grants. 3. The Rajya Sabha cannot discuss the Annual Financial Statement. Which of the statements given above is/are correct?

1. According to Article 109 of the Constitution, a Money Bill can only be introduced in the Lok Sabha. After being passed by the Lok Sabha, it is transmitted to the Rajya Sabha for its recommendations. The Rajya Sabha must return the Bill within 14 days with its recommendations. The Lok Sabha may either accept or reject all or any of the recommendations. The Rajya Sabha cannot amend or reject a Money Bill. Hence, Statement 1 is correct. 2. Article 113 deals with the procedure in Parliament with respect to estimates. The estimates relating to expenditure charged upon the Consolidated Fund of India are not submitted to the vote of Parliament. However, estimates relating to other expenditure are submitted in the form of Demands for Grants to the Lok Sabha, and the Lok Sabha has the power to assent, refuse, or assent subject to a reduction. The Rajya Sabha has no power to vote on the Demands for Grants; it can only discuss them. Hence, Statement 2 is correct. 3. Article 112 requires the President to cause the Annual Financial Statement (Budget) to be laid before both Houses of Parliament. Both houses have the power to discuss the Budget. The Rajya Sabha can discuss the Annual Financial Statement. Hence, Statement 3 is incorrect.