Contingency Fund enhancement increases corpus by transfer from the Consolidated Fund upon Finance Bill assent.

Amendment inserts a new sub section into section 2 of the Contingency Fund of India Act, 1950 to increase the authorised corpus of the Contingency Fund by a transfer from the Consolidated Fund of India; the enhancement takes effect on the date the Finance Bill, 2021 receives Presidential assent, raising the sum payable into the Contingency Fund under the Act to the newly specified amount.

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