Tag: Consolidated Fund of India

The Indian Constitution's Article 267(2) established the Contingency Fund. The president has access to this fund, and he is permitted to use it to make advances while waiting for Parliamentary approval to cover unforeseen expenses, such as those associated with catastrophes, wars, natural disasters, riots, etc. On behalf of the President, the Finance Secretary oversees the fund. India's Contingency Fund According to the Constitution, Parliament has the authority to establish the "Contingency Fund of India," into which periodically monies that have been duly constituted are paid. As a result, the India Contingency...