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<h1>Public Funds Management: Constitutional Provision Empowers Executive to Establish Interim Financial Rules and Governance Mechanisms</h1> The constitutional provision outlines the regulatory framework for managing public funds at both central and state levels. It specifies that the custody, deposit, withdrawal, and handling of Consolidated and Contingency Funds shall be governed by parliamentary or state legislative laws. Until such laws are enacted, the President or Governor can establish rules to manage these financial processes and related administrative matters.