Which one of the following expenditure is not charged on the Consolidated Fund of India?

Which one of the following expenditure is not charged on the Consolidated Fund of India?

Correct Option: D Salary and allowances of the speakers of the Lok Sabha is not charged on the consolidated fund of India.

What is votable and non-votable expenditure?

Non-votable charges are called Charged Expenditures; and no voting takes place for the amount involved in these expenditures for their withdrawal from Consolidated Fund of India. This means that they have to be paid in any case, whether the budget is passed or not passed.

What is Consolidate Fund of India?

Constituted under Article 266(1) of the Indian Constitution, the Consolidated Fund of India is the account of the revenue the Government of India receives — via income tax, Customs, central excise and the non-tax revenue — and the expenses it makes, excluding exceptional items.

What is charged expenditure?

Charged expenditure means the expenditure which under various articles of the Constitution of India has been declared as charged on the Consolidated Fund of the State and as such is not subject to vote of the Legislature; Sample 1. Sample 2.

What is votable expenditure?

Votable / Voted Expenditures The Votable part is actual Budget. The expenditures in the Budget are in the forms of Demand for Grants. There Budget also presents ways and means – how the government would be recovering the expenditures.

Who holds the Consolidated Fund of India?

Definition: Consolidated Fund of India is the most important of all government accounts. Revenues received by the government and expenses made by it, excluding the exceptional items, are part of the Consolidated Fund. Description: This fund was constituted under Article 266 (1) of the Constitution of India.

What is Consolidated Fund charges?

a fund into which tax revenue is paid in order to meet standing charges, esp interest payments on the national debt.