REGISTERED No. D. 221 रजिस्ट्री सं ० डी० 221
भारत को राजपत्र The Gazette of India
मलाधारण
CATRAORDINARY
भाग II- खण्ड 2
PART II- Section 2
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
सं० 63]
नई दिल्ली, शुक्रवार, दिसम्बर 19. 1969/28 प्रग्राहयण , 1891-
No. 63 ] NEW DELHI, FRIDAY, DECEMBER 19 , 1969 / AGRAHAYANA 28 , 1891
इस भाग में भिन्न पृष्ठ संख्या दी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके ।
Separate paging is given to this Part in order thatit may be filed as a separate compllation
LOK SABНА
The following Bill was introduced in Lok Sabha on the 19th December , 1969 :-
BILL NO . 116 OF 1969
A Bill to amend the Contingency Fund of India Act , 1950 .
BE it enacted by Parliament in the Twentieth Year of the Republic of India as follows :-
title.
1. This Act may be called the Contingency Fund of India (Amend- Short ment) Act , 1969 .
49 of 1950 .
2. In section 2 of the Contingency Fund of India Act , 1950, for the Amend words " fifteen crores of rupees" , the words " thirty crores of rupees " shall ment of be substituted.
1123 THE GAZETTE OF INDIA EXTRAORDINARY
[PART II 1124
TATEMENT OF OBJECTS AND REASONS
Under articles (1 ) and 283 ( 1 ) of the Constitution,Constitution, the Contingency Fund Inch 1950 S enacted providing for the establishment of the Contingency FundFund of India and for the custody of such Fund and for the payment of moneys into and the withdrawal of moneys from it . Under section 2 of that Act , the corpus of the Fund is fifteen crores of rupees . Consequent on the increase in the size of the annual budget , the need for augmenting the corpus of the Fund has been felt . It is pro- posed to raise the corpus of the Fund from fifteen crores of rupees to thirty crores of rupees to meet unforeseen expenditure .
2. The Bill seeks to achieve the above object.
NEW DELHI;
P. C. SETHI...
The 10th December , 1969 .
19 Agrahavana . 1891 ( Saka) .
SEC. 2 ]
THE GAZETTE OF INDIA EXTRAORDINARY
1 125
FINANCIAL MEMORANDUM
Clause 2 of the Bill provides for the raising of the corpus of the Con- tingency Fund of India from Rs . 15 crores to Rs . 30 crores by transfer of an additional amount of Rs . 15 crores from the Consolidated Fund of India to the Contingency Fund of India . The Bill thus involves a with- drawal of Rs . 15 crores from the Consolidated Fund of India but the actual expenditure will be incurred only when advances are drawn from the Contingency Fund for meeting unforeseen expenditure pending authorisation by law under article 115 or article 116 of the Constitution .
No recurring expenditure is involved.
S. L. SHAKDHER ,
Secretary.
PRINTED BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS , MINTO ROAD, NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , 1969