DEMAND FOR GRANTS @ REVENUE EXPENDITURE @ ESPECIALLY FOR APPENDIX 3A, 2A,4A & OTHERS

DEMAND FOR GRANTS @ REVENUE EXPENDITURE ESPECIALLY FOR APPENDIX 3A, 2A,4A & OTHERS


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video ka PDF LINK
https://drive.google.com/file/d/1_YfL...


VIDEO HIGHLIGHTS 👍

How many Demands for Grants are there?
Generally, one Demand for Grant is presented in respect of each Ministry or Department. However, more than one Demand may be presented for a Ministry or Department depending on the nature of expenditure.

What is no demand for a grant?

Article 113 (iii) prescribes that no demand for grants can be presented in the Lok Sabha without the President of India's prior approval. Under Articles 117 and 274 of the Indian Constitution, a Presidential recommendation is also required for tabling a Money Bill in the Lok Sabha.

Which reference to Demands for Grants Consider the following statement?
Article 113 of the Constitution mandates that the estimates of expenditure from the Consolidated Fund of India included in the Annual Financial Statement and required to be voted by the Lok Sabha be submitted in the form of Demands for Grants.

What do you mean by Consolidated Fund?
To put in simple terms, all revenues received, interest earned and money borrowed by the government goes into it Consolidated Fund of India. It is an account of the revenue the government gets via income tax, customs, central excise and the non-tax revenue, and the expenses it makes, excluding exceptional items.

Who controls the Consolidated Fund?
The Comptroller and Auditor General of India audits these funds and reports to the relevant legislatures on their management. The budget consists of two types of expenditure – the expenditure 'charged' upon the Consolidated Fund of India and the expenditure 'made' from the Consolidated Fund of India.

What is the difference between Contingency Fund and Consolidated Fund?
The consolidated Fund has further been divided into 'Revenue' and 'Capital' divisions. All other moneys received by or on behalf of Government are credited to the Public Account. Contingency Fund enables the Government to meet unforeseen expenditure, which cannot wait approval of the Parliament