The Consolidated Fund is a key financial account in India. It holds all revenues, loans, and money received by the government. This fund is crucial for government expenditure. It is established under Article 266 of the Indian Constitution. Parliament controls its use. The fund ensures transparency and accountability in public finance. It plays a vital role in the country’s economic management.
Revenues received by Government by way of taxation like income-tax, central excise, custom, land revenue (tax revenues) and other receipts are credited into the Consolidated Fund. Likewise, all...
The Constitution of India provides for, under Article 280, the establishment of a Finance Commission for purpose of allocation of certain resources of revenue between the Union and...
The Finance Commission constituted under Article 243I shall also review the financial position of the Municipalities and make recommendations of the Governor as to : (a) principles which...
Panchayati Raj Institutions Part IX, with Articles 243 to 243O, deals with institutions of Panchayati Raj. Article 243 defines Panchayats to include Gram Sabha, Gram Panchayat, Panchayat samiti...
The 74th amendment (1993) has changed the whole local urban administration, giving a new structure and a new orientation to its organization, functions and finances. The amendment has...
Union territories refer to those territories which are directly under the control of the Union Government. Their administration is vested in the powers of the President, who administers...
A bill that relates to the revenue or expenditure is a financial bill. "Those bills which make provisions for any of the matters specified in the Money Bills...
Appropriation means assignment to meet specified expenditure of funds included in a primary unit of appropriation. Appropriation Accounts: Appropriation Accounts present the total amount of funds (original and...
An ordinary bill has to pass through numerous stages before it becomes a law. In both the Houses of the Parliament, a bill goes through: First Reading In...
Scheduled Castes/Tribes'Issues and their Rights According to 2011 census, the Scheduled Castes population comprises 166,635,700 (16.2%) of the total population of India and the Scheduled Tribes population comprises...
