With Reference to the Union Government, Consider the following Statements:

1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the parliament.
2. No amount can be withdrawn from the Consolidated Fund of India without the authorization from the parliament of India
3. All the disbursements made from Public Account also need the authorization from the parliament of India.
Which of the statements given above is/are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 2 only
  4. 1, 2 and 3
Monis Rasool Professor Asked on 23rd August 2015 in Politics.
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    No amount can be withdrawn from the Consolidated Fund of India without the authorization from the parliament of India

    No amount can be withdrawn from the Consolidated Fund of India without the authorization from the parliament of India – consider the union government.
    You can easily understand about the above line if first make you understand the Article 266 of Indian constitution. According the Article 266, Consolidated Funds and public accounts of India and of the States
    (1) Subject to the provisions of Article 267 and to the provisions of this Chapter with respect to the assignment of the whole or part of the net proceeds of certain taxes and duties to States, all revenues received by the Government of India, all loans raised by that Government by issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidate fund to be entitled the Consolidated Fund of India, and all revenues received by the Government of a State, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled the Consolidated Fund of the State.
    (2) All other public moneys received by or on behalf of the Government of India or the Government of a State shall be entitles to the public account of India or the public account of the State, as the case may be
    (3) No moneys out of the Consolidated Fund of India or the Consolidated Fund of a State shall be appropriated except in accordance with law and for the purpose and in the manner provided

    Under this article it’s clear that the all revenues (All type taxes. Duties, fees, dividends and profit from public sector undertaking etc.) Received by the union government.

    Monis Rasool Professor Answered on 26th August 2015.
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