What is Consolidated Fund of India?
Red Book
Red Book

Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration

It is a fund to which all receipts are credited and all payments are debited.

All the legally authorised payments on behalf of the Government of India are made out of this fund. This includes all the revenues received by government, all the loans raised by Government of India by the issue of treasury bills, loans or ways and means advances and all money received by government by repayment of loan

No money out of this fund can be appropriated (issued or drawn) except in accordance with a parliamentary law.


Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants

Subscribe to get the latest posts sent to your email.

Print Friendly and PDF
Blog
Academy
Community