Consolidated Fund - Law Dictionary Search Results
Home Dictionary Name: consolidated fund Page 1 of about 33 results ( seconds)Consolidated fund
Consolidated fund, is the foundation stone of Parliamentary supervision and control over the finances in England, Commentary on Constitution of India, Durga Das Basu, Vol k, 6th Edn., p. 242.In India, the union as well as each of the States has a Consolidated Fund; the fund of the union is called the Consolidated Fund of India and that of a State that the Consolidated Fund of the State, Constitution of India, Art. 266(1)....
Consolidated Fund of the United Kingdom
Consolidated Fund of the United Kingdom, a repository of public money, which now comprises the produce of customs, excise, stamps, and several other taxes, and some small receipts from the royal hereditary revenue, surrendered to the public use. It constitutes almost the whole of the public income of the United Kingdom of Great Britain and Ireland. See 56 Geo. 3, c. 98. This fund is pledged for the payment of the whole of the interest of the national debt of Great Britain and (now Northern) Ireland (see s. 6 of the National Debt Act, 1870); and besides this is liable to several other specific charges imposed upon it at various periods by Act of Parliament, such as the civil list, and the salaries of the judges and ambassadors and other high official persons; after payment of which the surplus is to be indiscriminately applied to the service of the United Kingdom under the direction of Parliament. See 10 & 11 Geo. 5, c. 57, and as to Northern Ireland (establishment of separate consolida...
Charged on and paid out of the consolidated fund
Charged on and paid out of the consolidated fund, The words 'charged on and paid out of the consolidated fund' in Article 291 mean that the sum shall not be submitted to the vote of Parliament, and Article 113(1) makes a provision to that effect. Article 291 does not by itself create any independent right of any Ruler to be paid any sum out of any charged fund, H.H. Maharajadhiraja Madhav Rao Jivaji Rao Scindia Bahadur of Gwalior v. Union of India, (1973) 3 SCR 9: (1971) 1 SCC 85: AIR 1971 SC 530....
Paid out of the consolidated fund
Paid out of the consolidated fund, the words 'paid out of the consolidated fund' denote the source from which the expenditure will be met, H.H. Maharajadhiraja Madhav Rao Jivaji Rao Scindia Bahadur of Gwalior v. Union of India, AIR 1971 SC 530: (1971) 1 SCC 85: (1971) 3 SCR 9....
Fiscal deficit
Fiscal deficit, means the excess of total disbursement from the consolidated fund of the State (excluding repayment of debt) over the sum of revenue receipts, recovery of loans and non-debt capital receipts into the fund during a financial year, Rajasthan Agricultural Produce Markets Act, 2005, s. 2(f).Means the excess of total disbursements, from the Consolidated Fund of India, excluding repayment of debt, over total receipt into the fund (excluding the debt receipts), during a financial year, Fiscal Responsibility and Budget Management Act, 2003, s. 23(a).Means excess of total expenditure of State Govern-ment over the total non-debt receipt and thus represents those borrowing requirement, net of repayment during the year which needs to be serviced by way of internet and principal repayment, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(c).Means the excess of total disbursements from the consolidated fund of the State (excluding repayment of debt) over tot...
Total liabilities
Total liabilities, means the liabilities under he Consolidated Fund of India and the public account of India. [Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003), s. 2(f)]Means the liabilities under the consolidated fund of the State of Gujarat and the public account of the State. [Gujarat Fiscal Responsibility Act, 2005, s. 2(i)]Means the explicit liabilities under consolidated fund of the State and the Public Account of the State including General Provident Fund. [Rajasthan Agricultural Produce Markets Act, 2005, s. 2(p)]...
Hereditary revenues
Hereditary revenues. Crown Lands, escheats (see that title), and certain small branches, such as Post Office Profits, enumerated in 1 Anne, c. 1. The Civil List Act, 1910 (10 Edw. 7 & 1 Geo. 5), in substitution for the Civil List Act, 1901, directed (in effect) that the hereditary revenues which were directed by s. 2 of the Civil List Act, 1837, to be made part of the Consolidated Fund, with the addition of the Osborne Estate under the Osborne Estate Act, 1902, were during that reign and for six months afterwards to be 'paid into the Exchequer, and made part of the Consolidated Fund.'Sect. 2 of the Act of 1837 directed the produce of all the heritous rates, duties, payments, and revenues in England, Scotland, and Ireland respectively, and also the small branches of the hereditary revenues and the produce of the hereditary casual revenues arising from any droits of Admiralty or droits of the Crown, and from the surplus revenues of Gibraltar, or any other possession of her Majesty Queen ...
Estimates
Estimates, in India, the estimates are presented to the Lok Sabha in the form of estimates, Parliamentary Practice, Erskine May, 22nd Edn., 2001, p. 743.Is the certain details of the anticipated expenses of each department and the specific purposes for which the money is required, the Office of the Speaker in the Parliaments of Commonwealth, Wilding & Philip Laundry, p. 252.In U.K., the Crown's request for supply are sub-mitted to the House of Commons in the form of estimates, Parliamentary Practice, Erskine, May, 22nd Edn., 1997, p. 745.Is the annual detailed statements of the public expenditure proposed to be undertaken by the Government, Parliamentary Dictionary, L.A. Abraham and S.C. Hawtrey, 1956 and H.M. Barclay, 3rd Edn., 1970, p. 94.Contain the details of the anticipated expenses of each department and the specific purposes for which the money is required, the Office of the Speaker in the Parliaments of Commonwealth, Wilding and Philip Laundy, p. 252.In India, the estimates are...
Serving in connection with the affairs of the Union or in the State
Serving in connection with the affairs of the Union or in the State, explanation to r. 2(a) of the All India Services (Conduct) Rules, 1968 enlarges the meaning of the expression 'serving in connection with the affairs of the Union or in connection with the affairs of the State'. It provides that a member of the Service whose services are placed at the disposal of a company, corporation or other organisation or a local authority by the Central Government or the Government of a State, shall, for the purpose of those rules, be deemed to be a member of the Service serving in connection with the affairs of the Union or in connection with the affairs of the State, as the case may be, notwithstanding that his salary is drawn from the sources other than the Consolidated Fund of India or the Consolidated Fund of that State. The legal function contained in Explanation to Rule 21(a), is for a limited purpose, S.S. Dhanoa v. Municipal Corporation, AIR 1981 SC 1395: (1981) 3 SCC 431: (1981) 3 SCR ...
Consols
Consols, funds formed by the consolidation (of which word it is an abbreviation) of different Government annuities, payable by way of interest to persons who had lent money to the Government on the security of different taxes, or for the maintenance of different parts of the public service. See CONSOLIDATED FUND, and CONVERSION OF STOCK....
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