Contingency Fund of India
E545557
The Contingency Fund of India is an emergency reserve at the disposal of the President to enable the government to meet unforeseen expenditures pending authorization by Parliament.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
government contingency fund
ⓘ
public finance instrument ⓘ |
| administeredBy | Government of India NERFINISHED ⓘ |
| amendableBy | Parliament of India NERFINISHED ⓘ |
| beneficiary | Union Government of India NERFINISHED ⓘ |
| characteristic |
not used for routine government expenditure
ⓘ
used only for urgent and unforeseen needs ⓘ |
| constitutionalCategory | Union contingency fund NERFINISHED ⓘ |
| constitutionalStatus | established under the Constitution of India ⓘ |
| controlledBy | President of India NERFINISHED ⓘ |
| corpusEnhancedBy |
Finance Act, 2005
NERFINISHED
ⓘ
Finance Act, 2021 NERFINISHED ⓘ |
| corpusEnhancedTo |
Rs 30,000 crore
ⓘ
Rs 500 crore ⓘ |
| country | India ⓘ |
| disbursementAuthority | President of India NERFINISHED ⓘ |
| disbursementProcess | advances made on the authority of the President ⓘ |
| expenditureType |
unforeseen expenditure
ⓘ
urgent expenditure ⓘ |
| fundingMechanism | temporary advances for expenditure pending parliamentary authorization ⓘ |
| fundType | emergency reserve fund ⓘ |
| headOfAccount | part of the public account of India for accounting purposes ⓘ |
| initialCorpus | Rs 50 crore ⓘ |
| jurisdiction | Union Government of India NERFINISHED ⓘ |
| languageName_en | Contingency Fund of India NERFINISHED ⓘ |
| legalBasis | Article 267(1) of the Constitution of India ⓘ |
| levelOfGovernment | Union level ⓘ |
| managedBy | Ministry of Finance NERFINISHED ⓘ |
| nature | revolving fund ⓘ |
| operatedBy | Department of Economic Affairs NERFINISHED ⓘ |
| parliamentaryControl | ex post facto approval of expenditure ⓘ |
| purpose |
to meet unforeseen expenditure
ⓘ
to provide an emergency reserve for the Union Government ⓘ |
| relatedConcept |
Consolidated Fund of India
NERFINISHED
ⓘ
Contingency Fund of a State NERFINISHED ⓘ Public Account of India NERFINISHED ⓘ |
| relationshipWithOtherFunds |
distinct from the Consolidated Fund of India
ⓘ
distinct from the Public Account of India ⓘ |
| repaymentRequirement | advances must be recouped after parliamentary approval ⓘ |
| replenishmentSource | Consolidated Fund of India NERFINISHED ⓘ |
| requires | subsequent inclusion of expenditure in an Appropriation Act ⓘ |
| requiresAuthorizationFrom | Parliament of India NERFINISHED ⓘ |
| scope | expenditure of the central government ⓘ |
| sector | public finance ⓘ |
| usedFor |
natural disasters
ⓘ
other urgent national emergencies ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Appropriation Bill (India)