Contingency Fund enhancement increases the authorised corpus upon Finance Bill assent, expanding government emergency funding authority. Section 127 adds sub-section (3) to section 2 of the Contingency Fund of India Act, 1950, providing that upon the Finance Bill, 2021 receiving the ... Summary
Contingency Fund enhancement increases the authorised corpus upon Finance Bill assent, expanding government emergency funding authority.
Section 127 adds sub-section (3) to section 2 of the Contingency Fund of India Act, 1950, providing that upon the Finance Bill, 2021 receiving the President's assent the sum payable from the Consolidated Fund of India into the Contingency Fund under sub section (2) shall be enhanced to thirty thousand crores of rupees.
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