Question

write brief note on contingency fund​

Answer 1

ʜᴏʟʟᴀ✌✌

• ᴄᴏɴᴛɪɴɢᴇɴᴄʏ ғᴜɴᴅ ɪs ᴄʀᴇᴀᴛᴇᴅ ᴀs ᴀɴ ɪᴍᴘʀᴇsᴛ ᴀᴄᴄᴏᴜɴᴛ ᴛᴏ ᴍᴇᴇᴛ sᴏᴍᴇ ᴜʀɢᴇɴᴛ ᴏʀ ᴜɴғᴏʀᴇsᴇᴇɴ ᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ᴏғ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ. ᴅᴇsᴄʀɪᴘᴛɪᴏɴ: ᴛʜɪs ғᴜɴᴅ ᴡᴀs ᴄᴏɴsᴛɪᴛᴜᴛᴇᴅ ʙʏ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴜɴᴅᴇʀ ᴀʀᴛɪᴄʟᴇ 267 ᴏғ ᴛʜᴇ ᴄᴏɴsᴛɪᴛᴜᴛɪᴏɴ ᴏғ ɪɴᴅɪᴀ. ᴛʜɪs ғᴜɴᴅ ɪs ᴀᴛ ᴛʜᴇ ᴅɪsᴘᴏsᴀʟ ᴏғ ᴛʜᴇ ᴘʀᴇsɪᴅᴇɴᴛ.....♡

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@Itzᴠᴀᴍᴘɪʀᴇ❣️

Answer 2

$\huge\mathfrak{\underline{\underline{\red{contingency \: fund \frac{.}{.} }}}}$

$<font color=violet>Contingency Fund is created as an imprest account to meet some urgent or unforeseen expenditure of the government. Any expenditure incurred from this fund requires a subsequent approval from the Parliament and the amount withdrawn is returned to the fund from the Consolidated Fund.$