CONTINGENCY FUND – Article- 267

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Updated: May 20, 2020

According to the Constitution Parliament has established a Contingency Fund. This is an imprest ( loan or advance of money)fund, and amounts, as may be determined from time to time, is paid into it.

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The fund is placed at the disposal of the President. He may make advances from this Fund to meet unexpected expenditures. This is to be approved by the Parliament ( Arts-115 and 116)

There is also a state Contingency Fund in each State and the Governor is authorized to spend for unexpected events subject to confirmation by State Legislature.

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