PSAmaster 51 Questions 17 Answers 2 Best Answers 9 Points View Profile PSAmaster Asked: March 17, 20222022-03-17T20:42:00+00:00 2022-03-17T20:42:00+00:00In: Public Sector Accounting in India Does states have Contingency Fund? Does states have Contingency Fund? does states have contingency fund? Share Facebook Related Questions На большом пальце стопы растет косточка Ударно волновая терапия косточка Косточка большого пальца форум Как убрать хрящевой нарост на пальце ноги Лечения вальгуса стопы Болят суставы на ноге к какому врачу обратиться Удаление косточек на ноге отзывы Косточка на ноге у большого болит Which article deals with Consolidated Fund of India? What is Consolidated Fund of India UPSC? 1 Answer Voted Oldest Recent Johnson 0 Questions 12 Answers 9 Best Answers 45 Points View Profile Best Answer Johnson 2022-03-17T21:50:33+00:00Added an answer on March 17, 2022 at 9:50 pm A contingency fund, also known as a contingency reserve, is a fund that can be used to cover unexpected outflows, such as when the economy is in a bad state. The Indian Constitution empowers the parliament to establish an India contingency fund. The Indian Constitution establishes the Contingency Fund under Article 267(1). It is part of the nature of an impasse (money that is kept for a specific purpose). As a result, Parliament enacted the India Contingency Fund Act, 1950. The Finance Secretary (Department of Economic Affairs) is in charge of the fund on behalf of the President of India, and it can be used by the President to do things. India’s Contingency Fund was established to cover the cost of disasters and other unforeseen expenditures. Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.