Article 267 of Constitution of India – Contingency Fund
Article 267 of Constitution of India deals with Contingency Fund
Original Text of Article 267 of Constitution of India
(1) Parliament may by law establish a Contingency Fund in the nature of an imprest to be entitled “the Contingency Fund of India” into which shall be paid from time to time such sums as may be determined by such law, and the said Fund shall be placed at the disposal of the President to enable advances to be made by him out of such Fund for the purposes of meeting unforeseen expenditure pending authorisation of such expenditure by Parliament by law under article 115 or article 116.
(2) The Legislature of a State may by law establish a Contingency Fund in the nature of an imprest to be entitled “the Contingency Fund of the State” into which shall be paid from time to time such sums as may be determined by such law, and the said Fund shall be placed at the disposal of the Governor 1*** of the State to enable advances to be made by him out of such Fund for the purposes of meeting unforeseen expenditure pending authorization of such expenditure by the Legislature of the State by law under article 205 or article 206.
Questions related to Article 267 of Constitution of India
According to Indian Kanoon, Article 267 of the Indian Constitution provides for the creation of the Contingency Fund of India and Contingency Funds of the States to meet unforeseen expenditures without prior approval of Parliament or State Legislature.
Article 267 holds special importance in the Articles of Indian Constitution as it empowers the government to deal with emergency financial needs through the Contingency Fund, ensuring smooth functioning of governance under the Constitution of India.
As per Article 267 of the Indian Constitution, the Contingency Fund is used by the government to tackle urgent or unforeseen expenditures which cannot wait for parliamentary approval, ensuring quick financial response in emergencies.
The Contingency Fund of India mentioned in Article 267 of the Constitution of India is placed at the disposal of the President, while the State Contingency Funds are managed by the respective Governors, as per Indian Kanoon guidelines.
You can read the complete provisions of Article 267 of the Indian Constitution on trusted legal platforms like Indian Kanoon or easily understand its summary through UPSC-focused content on 99notes.in, which explains Articles of Indian Constitution clearly.
For Further Reference:
Other Related Links:
