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of <h1>Finance Act 2021 amends Contingency Fund of India Act, increasing fund transfer to 30,000 crores upon President's assent.</h1> Section 127 of the Finance Act, 2021 amends the Contingency Fund of India Act, 1950. It introduces a new sub-section (3) to Section 2, stating that upon the President's assent to the Finance Bill, 2021, the amount transferred from the Consolidated Fund of India to the Contingency Fund of India will be increased to thirty thousand crores of rupees.
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