Deepika Reddy Magham is teaching live on Unacademy Plus
CENTRE STATE RELATIONS FINANCIAL RELATIONS IV M.DEEPIKA REDDY VERIFIED EDUCATOR - UNACADEMY FACULTY - CIVIL SERVICES
Article 291 Dealt with Privy Purse given to princely states by Centre to merge them Repealed by 26th Constitutional Amendment Act 1976
Article 292 Deals with the borrowing power of the Government of India The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of India within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed Union can borrow from internal & external sources
Article 293 Deals with the borrowing powers of the States. It states that the executive power of a State extends to borrowing within the territory of India upon the security of the Consolidated Fund of the State within such limits, if any, as may from time to time be fixed by the Legislature of such State by law
The Government of India may, subject to such conditions as may be laid down by or under any law made by Parliament, make loans to any State or, so long as any limits fixed under Article 292 are not exceeded, give guarantees in respect of loans raised by any State, and any sums required for the purpose of making such loans shall be charged on the Consolidated Fund of India
Article 294 Deals with the Succession to property, assets, rights, liabilities and obligations in certain cases from the commencement of this Constitution It provided for the succession of the Republic of India over the British Raj. All property vested in His Majesty's Government will be the property of The Republic, and all rights, obligations and liabilities done by His Majesty's Government in the Dominion shall be the rights, liabilities and obligations of the Republic of India.
Article 297 Deals with Exclusive Economic Zones (Asses by 40th CAA, 1976). It states that EEZ are under control of Union.
Article 299 All Contracts made in the exercise of Executive power of union (or) the state shall be issued in the name of President/Governor.
Article 300A Right to Property Inserted by the 44th Constitutional Amendment Act 1978 It States no person shall be deprived of his property except by authority of law This article more of a safeguard than a right as it protects the property of person from being acquired unless the law prescribes for such acquisition