Clarification regarding Consolidated Fund and Contingency Fund
Confused about the difference between Consolidated Fund and Contingency Fund? wondering if such funds are offered by all state governments? Here, on this page read the suggestions from experts to all your queries.
I would like to have detailed clarification in respect of following issues:-
(a) What is the differences between Consolidated Fund of India and Contingency Fund of India?
(b) Under which Articles of the Constitution of India, these two funds are constituted?
(c) Are there similar types of funds of each State Government of India?
(d) What are the Constitutional provisions in respect of such State funds.
Kindly furnish point-wise reply.