33.Parliament (Part -08) Flashcards
What does Article 116 discuss?
Article 116 discusses Votes on account, votes of credit, and exceptional grants.
What is a vote on account?
A vote on account is when the government seeks permission from the Legislature to spend money for a portion of the year before the full budget is set.
When is a vote on account used?
A vote on account is used to incur expenses before a full budget is set.
What are votes of credit?
Votes of credit are granted to meet unexpected demands on India’s resources when the demand cannot be stated with the usual budget details.
How are votes of credit described?
Votes of credit are like a blank cheque given to the Executive by the Lok Sabha.
What purpose do exceptional grants serve?
Exceptional grants are granted for a special purpose and do not form part of the current service of any financial year.
Where are exceptional grants sourced from?
Exceptional grants are sourced from the Consolidated Fund of India.
What situations are exceptional grants used in?
Exceptional grants are used in exigency situations.
How are exceptional grants different from votes of credit?
Exceptional grants are used for special purposes, while votes of credit are used to meet unexpected demands on resources.
What characterizes votes of credit?
The magnitude or indefinite character of the service characterizes votes of credit.
What is the purpose of an interim budget?
The purpose of an interim budget is to bridge the gap between two governments by transferring full budget responsibilities to the next administration.
How is the interim budget set?
The interim budget is set by Parliament through a vote on account.
What does the vote on account in the interim budget allow the government to do?
The vote on account in the interim budget allows the government to cover administrative costs until the new Parliament reviews and approves the yearly budget proposal.
Who is responsible for reviewing and approving the yearly budget proposal after the interim budget?
The new Parliament is responsible for reviewing and approving the yearly budget proposal after the interim budget.
What is the purpose of handing full budget responsibilities to the next administration in the interim budget?
The purpose is to ensure a smooth transition between governments and continuity in administrative funding.
What triggers the implementation of an interim budget?
An interim budget is set in motion when the incumbent government cannot present a full union budget, usually during election time.
How long is an interim budget valid for?
An interim budget is valid for an entire year.
What components are included in the interim budget’s financial statement?
The interim budget provides a complete financial statement and a complete set of accounts consisting of both expenditure and receipts.
Which legislative bodies are involved in the discussion of the interim budget?
The interim budget is discussed with Rajya Sabha and Lok Sabha.
What authority does the interim budget have regarding taxes?
The interim budget has the power to make changes in taxes.
How often is the vote on account passed?
The vote on account is passed every year.
What is the typical duration of validity for a vote on account?
A vote on account is usually valid for 2 months.
What information does the vote on account primarily include?
A vote on account lists only the expenditure.
How is the passage of a vote on account characterized?
A vote on account is passed without any discussion.