Few observations on discussion video for Test 4
Public Account of India
It has been mentioned that Public Account of India gets money from services offered by the Govt. (like Yojana, Kurukshetra)
Whereas, as per my understanding, Public Account is for mainly transactions of banking nature. Wikipedia says Public Account money doesn't actually being to Govt and it is due to be paid back to the rightful owners. Essentially this has money from sources such as PF, Small savings etc.
I feel money from Govt services (like magazines) should form receipts of govt (part of Consolidated fund).
Token Grant
It has been mentioned that Token Grant is used for reappropriation from one existing service to another existing service.
As per Laxmikant, it is actually used for creating anew scheme by assigning Rs 1 token amount. And then money from some surplus scheme can be reappropriated here. So it's not for an existing scheme butto create a new scheme.
@Thinker please guide if my understanding is correct.
