History, asked by shrutiravichandran02, 11 months ago

can someone please tell me what is the difference between contingency fund and consolidated fund please do not copy from Google​

Answers

Answered by Anonymous
1

✷Consolidated Fund of India is the most important of all government accounts.

✷All government expenditure is made from this fund, except exceptional items which are met from the Contingency Fund or the Public Account.

✷Importantly, no money can be withdrawn from this fund without the Parliament's approval.

✷The Contingency Fund of India established under Article 267 (1) of the Constitution is in the nature of an imprest (money maintained for a specific purpose) which is placed at the disposal of the President to enable him/her to make advances to meet urgent unforeseen expenditure, pending authorization by the Parliament.


shrutiravichandran02: what exactly is the contingency fund
shrutiravichandran02: thanks a lot!
shrutiravichandran02: thanks a lot!
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