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Votes on Account in Indian Finance by samikshakulkarni58 is a document available to read on EtoBox.

What is Votes on Account in Indian Finance about?

Parliament must authorize any expenditure from the Consolidated Fund through an Appropriation Act, which can be challenging to pass before the new financial year begins on April 1. To address this, votes on account allow Parliament to grant a temporary lump sum to the Executive for two to three months, facilitating the administration until the Appropriation Act is passed. This process ensures that the Budget can be discussed without undue haste.

Author

samikshakulkarni58

Language

EN