Tag: Annual Financial Statement

Grants Requests Estimates of Consolidated Fund expenditures are submitted to the Lok Sabha as Demand for Grants in accordance with Article 113 of the Constitution. It is generally understood in modern democracies that no money may be taken from the national treasuries without the government's approval. Grants Requests Meaning The grant demand includes provisions for revenue spending, capital spending, grants to state governments and union territories, loans and advances, and grant requests. Every proposal or estimate that asks for money from the Consolidated Fund of India must be submitted to the Lok...