Contingency Fund increase takes effect on presidential assent, raising the authorised corpus under the Act.

The amendment restructures section 2 of the Contingency Fund of India Act, 1950 by numbering the existing provision as sub section (1) and inserting a new sub section that enhances the sum payable from the Consolidated Fund into the Contingency Fund; the enhanced authorisation takes effect on the date the Finance Bill, 2005 receives the President's assent.

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