Consolidated Fund (CF) of India (266(1))💸💪🏻
a) All GoI expenses met by this fund
b) Parliamentary approval needed to withdraw money
Source:
- Direct/Indirect Taxes
- Loans by govt
- Return on loans govt has given etc (2/4)
a) All GoI expenses met by this fund
b) Parliamentary approval needed to withdraw money
Source:
- Direct/Indirect Taxes
- Loans by govt
- Return on loans govt has given etc (2/4)
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Public Accounts of India (266(2))💰😍
a) no parliamentary approval needed
Source: All other public money other than CF like
- Bank savings of various ministries
- Defense Fund
- National Small savings fund
- National Investment Fund
- Disaster Management fund etc. (3/4)
a) no parliamentary approval needed
Source: All other public money other than CF like
- Bank savings of various ministries
- Defense Fund
- National Small savings fund
- National Investment Fund
- Disaster Management fund etc. (3/4)
Contingency Fund of India (267)🤑
- 30,000 crore corpus
- Held by Secretary of Finance Ministry on behalf of President of India
- Use: unexpected/unforeseen expenditure
CAG to audit all 3 funds (4/4)
- 30,000 crore corpus
- Held by Secretary of Finance Ministry on behalf of President of India
- Use: unexpected/unforeseen expenditure
CAG to audit all 3 funds (4/4)
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