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The Contingency Fund of India exists for disasters and related unforeseen expenditures. [3] The fund is administered by the Finance Secretary (Department of Economic Affairs) on behalf of the President of India and it can be operated by executive action. In 2005, it was raised from Rs. 50 crore to Rs 500 crore. [4] In 2021, it was proposed to ...
Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts; A-284. Custody of suitors’ deposits and other moneys received by public servants and courts. A-285. Exemption of property of the Union from State taxation. A-286. Restrictions as to imposition of tax on the sale or purchase of goods. A-287.
The functioning of the fund will be periodically reviewed by the central government. An action plan will be prepared by NABARD and sent to the government for approval. [5] An additional amount of ₹700 crore was set up as a contingency fund to meet the requirement of the weak RRBs, particularly those in the north-eastern and the eastern region ...
3. Citizens can file RTI to know about the status of funds and work. 4. Funds utilised should be audited by chartered accountants, local fund auditors, or any statutory auditors as per state/UT Govt. procedure. 5. Review meetings should be held by MoSPI in states and centre regarding fund utilization under MPLADS scheme. 6.
A small business emergency fund — sometimes called a contingency fund — is a stash of savings that a business draws from during an emergency or financial challenge.
Prime Minister's National Relief Fund (PMNRF) in India is the fund raised to provide support for people affected by natural and man made disasters.Natural disasters covered under this include flood, cyclone, earthquake etc. Man made disasters include major accidents, acid attacks, riots etc.
[2] [4] The CRA is generally seen as a competitor to the International Monetary Fund (IMF) and along with the New Development Bank is viewed as an example of increasing South-South cooperation. [2] The CRA's "liquidity instrument" is the central bank liquidity swap. When a borrowing country ("Requesting Party") requests to draw funds, the ...
Here "other" signifies other than the Consolidated Fund of India. [1] It deals with the money received by the Indian Government, i.e. state provident funds, various pre-deposits under national small savings fund, depreciation and reserve funds of departmental undertakings, national defense fund, etc. are paid into public accounts. These funds ...