With reference to the Indian Parliament, consider the following statements:

1. A bill pending in the Lok Sabha lapses on its dissolution.
2. A bill passed by the Lok Sabha and pending in the Rajya Sabha lapses on the dissolution of the Lok Sabha.
3. A bill in regard to which the President of India notified his/her intention to summon the Houses to a joint sitting lapses on the dissolution of the Lok Sabha. Which of the statements given above is/are correct?

Upon the dissolution of the Lok Sabha, all pending business, including bills, motions, resolutions, notices, and petitions, before the House or its committees, generally lapses. This means they must be reintroduced in the newly constituted Lok Sabha to be pursued further.

Lapsing of Bills: Key Points

• A bill pending in the Lok Sabha (whether originating there or transmitted from the Rajya Sabha) lapses. Hence, statement 1 is correct.
• A bill passed by the Lok Sabha but pending in the Rajya Sabha lapses. Hence, statement 2 is correct.
• A bill that has not been passed by both Houses due to disagreement, for which the President has notified the intention to summon a joint sitting before the dissolution of the Lok Sabha, does not lapse. Hence, statement 3 is not correct.
• A bill pending in the Rajya Sabha but not passed by the Lok Sabha does not lapse.
• A bill passed by both Houses but pending the President's assent does not lapse.
• A bill passed by both Houses but returned by the President for reconsideration does not lapse.

Therefore, statements 1 and 2 are correct.