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What is the Consolidated Fund of India ?

The Constitution of India provides for the manner in which the accounts of the Government have to be kept. It provides for the creation of the Consolidated Fund of India [Article 266(1)], the Contingency Fund [Article 267(1)] and the Public Account [Article 266(2)]. All revenues received, loans raised and all money received by the Government in payment of loans are credited to the Consolidated Funds of India all expenditures of the Government are incurred from this Fund.

Simran Holidays, first ticket reseller in India | Expo 2015 News

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