Borrowing authority permits government loans secured on the Consolidated Fund, subject to parliamentary limits on borrowing and guarantees. The executive power of the Union authorises Borrowing by the Government of India on the security of the Consolidated Fund of India, subject to limits that ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Borrowing authority permits government loans secured on the Consolidated Fund, subject to parliamentary limits on borrowing and guarantees.
The executive power of the Union authorises Borrowing by the Government of India on the security of the Consolidated Fund of India, subject to limits that Parliament may prescribe by law, and to the giving of guarantees which are likewise constrained by parliamentary limits.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
