What is Contingency Fund of India?

sfg-2026
ForumIAS LATEST
    1. 15 Sept. | Current Affairs Pre-cum-Mains 2027 Morning 11 AM batch starts from 15th Sept. Click Here to Read More →
    2. 14 Sept. | Forum Residential Coaching (FRC) for UPSC preparation Click Here to know more →
    3. 14 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 14th Sept. Click Here to Read More →

The Constitution authorised the Parliament to establish a ‘Contingency Fund of India’, into which amounts determined by law are paid from time to time to meet any unforeseen expenditures.

The fund is held by the finance secretary on behalf of the President.

In an emergency situations President can meet the expenditure and get the approval of Parliament later.

Print Friendly and PDF
Blog
Academy
Community