Social Sciences, asked by ankit4943, 1 year ago

in case of certain extraordinary situations, the president can sanction money to the government out of which fund​

Answers

Answered by ramenr0415
25

Answer:

I saw your answer is (country's fund)

Answered by SushmitaAhluwalia
2

Contingency fund

In case of certain extraordinary situations, the president can sanction money to the government out of contingencies fund or contingency fund.

  • It is a fund for emergencies or unexpected outflows, mainly economic crises.
  • The contingencies fund or contingency fund was constituted or designated by the government under Article 267 of the Constitution of India.
  • This fund is at the disposal of the President of India.
  • The fund rate should not be that high that it becomes unattainable.
  • The Contingency Fund of India shall be held on behalf of the President by a Secretary to the Government of India in the Ministry of Finance.
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