CA inter • 9m
Budget-3 CONTINGENCY FUND OF INDIA This Acc is used for uncertainty like natural calamities, each state has a right to use this Acc without any permission from the president if any contingency occurs in their state later they have to present to the parliament how and where they spend the money later the money spent is again transferred from the consolidated fund of India to contingency fund so that a minimum fixed amount is always present. Ex: we had 100cr in the contingency fund and 1000cr in the consolidated fund sadly state A suffered from floods they used 20cr from contingency fund, now the current balance of the contingency fund would be 80cr so 20 cr is transferred from the consolidated fund to the contingency fund. PUBLIC ACCOUNT a public account is used in relation to all the fund flows where the government is acting as a banker. Ex:Provident Funds and Small Savings. This money does not belong to government but is to be returned to the depositor. (check out the next post)

We provide updates o... • 11d
Delhi Government has launched the PM Kisan Samman Nidhi State Top-Up Scheme to uplift small and marginal farmers. Under this initiative, each farmer will receive an extra ₹3,000 per year in addition to the ₹6,000 from the Central PM Kisan Yojana — to
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