Topic Details (Notes format)

Union Budget: Constitutional Procedures

Subject: Polity

Book: Indian Polity by M. Laxmikanth

Explores how Article 112 requires the government to present an annual financial statement. The budget is divided into Revenue and Capital accounts, with proposals for taxation and expenditures. After the Finance Minister’s speech, departmental demands for grants are scrutinized by parliamentary committees, culminating in the Appropriation and Finance Bills. Parliament’s approval is mandatory for fund withdrawals. Constitutional safeguards (Article 266, 267) regulate the Consolidated Fund, Contingency Fund, and Public Account. The “cut motions” allow the Lok Sabha to check overspending. Understanding the budget’s constitutional dimension clarifies how fiscal policies and legislative oversight converge to shape India’s economic direction each year.

Practice Questions

Which of the following is a Directive Principle of State Policy in India?

Which article of the Indian Constitution guarantees the right to life and personal liberty?

Who among the following appoints the Chief Election Commissioner of India?

संविधान संशोधन के प्रस्ताव किसके द्वारा प्रस्तुत किए जाते हैं?

राज्यसभा के सदस्यों का चुनाव किस प्रकार से होता है?

Who appoints the members of the Finance Commission of India?

Which of the following is the longest-serving political party in India?

राष्ट्रपति के लिए योग्यता मानदंड किस अनुच्छेद में वर्णित हैं?

राष्ट्रपति की नियुक्ति में किस संस्था का योगदान महत्वपूर्ण होता है?

Which article of the Indian Constitution deals with the President’s power to dissolve the Lok Sabha?