Question
GSEasyPrelims 2011Indian Polity

The authorization for the withdrawal of funds from the Consolidated Fund of India must come from:

Explanation

The Consolidated Fund of India is the most important of all government accounts. Revenues received by the government and expenses made by it, excluding some items (like provident fund deposits, judicial deposits, saving bank deposits, departmental deposits), are part of the Consolidated Fund. This fund was constituted under Article 266 (1) of the Constitution of India. All revenues received by the government by way of direct taxes and indirect taxes, money borrowed, and receipts from loans given by the government flow into the Consolidated Fund of India. All government expenditure is made from this fund, except for some items which are met from the Contingency Fund or the Public Account. Importantly, no money can be withdrawn from this fund without the Parliament's approval.

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