What is the policy cut motion?
Cut motion is a power given to the members of the Lok Sabha to oppose a demand in the Financial Bill discussed by the government. If a cut motion is adopted by Parliament and the government does not have the numbers, it is obliged to resign as per rules of the Lok Sabha.
Which cut motion is hazardous for government?
This Cut Motion aims that the amount of the Demand be reduced by Rs. 100” in order to ventilate a specific grievance, which is within the sphere of responsibility of the Government of India. Actually, Token cut is symbolic and is humiliating for the Government.
How many types of motion are there in Parliament?
three kinds
What is guillotine in Parliament?
Parliament Diary Later, Lok Sabha voted on outstanding Demand for Grants together without discussion. This is called a guillotine. With the guillotine, the discussion on Demands for Grants is concluded. The chart below shows the share of budget expenditure that has been guillotined from 2004-05 onwards.
What is demand for grant?
Definition: Demand for Grants is the form in which estimates of expenditure from the Consolidated Fund, included in the annual financial statement and required to be voted upon in the Lok Sabha, are submitted in pursuance of Article 113 of the Constitution.
Is demand for grant a money bill?
How Demand for Grants are Presented. 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.
Who get salary from Consolidated Fund of India?
Salaries and allowances of the Chairman and the Deputy Chairman of the Rajya Sabha and the Speaker and the Deputy Speaker of the Lok Sabha. Salaries, allowances and pensions of the judges of the Supreme Court. Pensions of the judges of high courts.
What are the three types of government funds?
The three types of governmental funds are governmental, proprietary, and fiduciary funds.
What comes under Consolidated Fund of India?
Constituted under Article 266(1) of the Indian Constitution, the Consolidated Fund of India is the account of the revenue the Government of India receives — via income tax, Customs, central excise and the non-tax revenue — and the expenses it makes, excluding exceptional items.
How many funds India have?
There are three types of funds of the Central Government – Consolidated Fund of India (Article 266), Contingency Fund of India (Article 267) and Public Accounts of India (Article 266) mentioned in the Indian Constitution.
Who holds public account of India?
the Indian Government
Who holds Contingency Fund of India?
the President of India
How much money is contingency fund in India?
The Contingency Fund of India exists for disasters and related unforeseen expenditures. In 2005, it was raised from Rs. 50 crore to Rs 500 crore. In 2021, it was proposed to raise the fund to Rs 30,000 crore.
How much is the Contingency Fund of India?
The corpus of the Contingency Fund as authorized by Parliament presently stands at ` 500 crore. (iii) Moneys held by Government in trust are kept in the Public Account. The Public Account draws its existence from Article 266 of the Constitution of India.
What is Appropriation Bill in India?
About: Appropriation Bill gives power to the government to withdraw funds from the Consolidated Fund of India for meeting the expenditure during the financial year. As per article 114 of the Constitution, the government can withdraw money from the Consolidated Fund only after receiving approval from Parliament.
What is contingency fund of RBI?
Part of: GS Prelims and GS-III- Economy. In news. The RBI has retained an amount of Rs 73,615 crore within the RBI by transferring it to the Contingency Fund (CF). It shall lead to a sharp fall in the transfer of surplus to the government in the current year.