Course: Gain an understanding of Parliamentary Processes and Instruments Lesson: Budgetary Powers of the Parliament Presented by Bhavin Sangoi
About me . B.A in Political Science & Psychology Appeared in UPSC CSE Mains Teaching Indian Polity, International Relations, economics & mental Ability since 5 years Experience of teaching for various competitive exams such as NTSE, CET & UPSC . Follow me on: https://Unacademy.in/user/BhavinSangoi
Key Points Article 112 (1), refers Budget as 'Annual financial statement'. Budget is the estimate of income and expenditure of government. . According to article 112 (2), Government expenditure is registered as (a) Charged expenditure and (b) other expenditure.
ifference between expenditures According to article 113 (1), Charged expenditure can't be voted, but can be discussed . According to article 113 (2), Other expenditure shall be submitted in the form of demands for grants to the House of People, which can either accept or reject or reduce the amount of demand
Charged expenditure . Aceording to artile 112 (0) Charged expenditure include: a) Emoluments, allowances of the President and other expenditure related to his office. Salary and allowances of the Chairman and the Deputy Chairman of the Rajya Sabha and the Speaker and the Deputy Speaker of the Lok Sabha. b)
Continued c) Debt charges including interest, sinking fund charges, redemption charges and any other expenditure related to loans. d) Salary, allowance and pensions of Judges of Supreme Court and pensions of the Judges of High Court.
Continued e) Salary, allowances and pension of C & AG f) Any sum required to satisfy any judgment, decree or award of any court or arbitrary tribunal g) Any other expenditure so declared by constitution or Parliament of India
Demands for Grants According to article 113 (3), No demand for grant shall be made except on the recommendation of the President. According to article 114 (1), Once the demands for grant is passed by House of People, a bill is introduced to appropriate money from the Consolidated fund of India.
Appropriation bill Includes charged expenditure and the grants made by the House of People. Can't be amended to change the demand for grants or any other expenditure
Continued . Direct and indirect taxes form major chunk of government's income. According to article 265, No tax shall be levied or Direct and indirect taxes form major chunk of government's collected except by the authority of law . Parliament can impose taxes on the subjects mentioned in Union list 246(1), Concurrent list 246 (2) and Residuary matters 248(2)
BA Political Science and Psychology, Mumbai University. Teaching Polity, Economics and international relations for 7 years.