REGISTERED No. D- (D ) -72 राजस्ट्री सं ० डी-(डी) -72
भारत का राजपत्र The Gazette of India
असाधारण
EXTRAORDINARY
भाग II-खण्ड 2
PART II- Section 2
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
2]
नई दिल्ली, बृहस्पतिवार, जनवरी 24, 1980/ माघ 4 , 1901
No. 2]
NEW DELHI , THURSDAY, JANUARY 24 , 1980 /MAGHA 4 , 1901
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 that it may be filed as a separate compilation
LOK SABHA
The following Bill was introduced in Lok Sabha on the 24th January. 1980 :-
BILL NO . 4 OF 1980
A Bill further to amend the Contingency Fund of India Act, 1950 .
BE it enacted by Parliament in the Thirtieth Year of the Republic of India as follows: --
1. (1 ) This Act may be called the Contingency Fund of India (Amendment) Act, 1980 .
Short title and commence- ment.
(2) It shall be deemed to have come into force on the 22nd day ofOctober, 1979 .
Amend- ment of section 2.
40 of 1950. 2. To section 2 of the Contingency Fund of India Act, 1950 (herein- after referred to as the Principal Act ) , the following proviso shall be added, namely :-
'Provided that during the period beginning on the 22nd day of October , 1979 and ending on the 31st day of March , 1980,, this sec- tion shall have effect subject to the modification that for the words . "fifty crores of rupees" , the words " one hundred and fifty crores of rupees" shall be substituted .' .
11 of 1979.
Repeal and saving.
3. (1 ) The Contingency Fund of India (Amendment ) Ordinance , 1979 , is hereby repealed .
(2) Notwithstanding such repeal , anything done or any action taken under the principal Act, as amended by the sald Ordinance, shall be deemed to have been done or taken under the principal Act , as amended by this Act.
(9) 10
THE GAZETTE OF INDIA EXTRAORDINARY [PART II-
STATEMENT OF OBJECTS AND REASONS
Under articles 267 ( 1 ) and 283 ( 1 ) of the Constitution , the Contingency Fund of India Act , 1950 was enacted providing for the establishment of the Contingency Fund of India for the custody of such Fund and for the payment of moneys into and withdrawal of moneys from it . Under section 2 of that Act , as amended by the Contingency Fund of India (Amendment) Act , 1976 , the corpus of the Fund is fifty crores of rupees . On dissolution of the Sixth Lok Sabha and in the wake of unprecedented drought conditions in various parts of the country during the financial year , the available budgetary grants and the Contingency Fund could not accommodate fully the demands on the Government for assistance for financing relief operations from a number of States and for meeting expenditure on General Elections and other post budget commitments . To meet these and other emergent demands , the Contingency Fund of India (Amendment ) Ordinance , 1979 was promulgated by the President on the 22nd October, 1979, to raise the corpus of the Fundto one hundred and fifty crores of rupees during the period beginning on the 22nd day ofOctober , 1979 and ending on the 31st day of March, 1980.
2. The Bill seeks to replace the above Ordinance .
NEW DELHI ;
R. VENKATARAMAN.
The 16th January , 1980 .
1
THE GAZETTE OF INDIA EXTRAORDINARY
SEC. 2 ]
FINANCIAL MEMORANDUM
Clause 2 of the Bill provides for the raising the corpus of the Contin- gency Fund of India from Rs . 50 crores to Rs . 150 crores during the period beginning on the 22nd day of October, 1979 and ending on the 31st day of March , 1980 , by transfer of an additional amount of Rs . 100 crores from the Consolidated Fund of India to the Contingency Fund of India. The Bill thus involves a temporary withdrawal of Rs . 100 crores from the Consolidated Fund of India to the Contingency Fund of India . However, the actual expenditure out of this is limited to advances drawn from the Contingency Fund for meeting the immediate unforeseen and inescapable expenditure pending authorisation by law under article 115 ofthe Constitution .
No recurring expenditure is involved .
AVTAR SINGH RIKHY ,
Secretary.
PRINTED BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS , MINTO ROAD NEW DELHI AND PUBLISHED BY THE CONTROLLER OF RUBLICATIONS , DELHI, 1980