With reference to the Union Government, consider the following statements:The Department of Revenue

Question

With reference to the Union Government, consider the following statements:The Department of Revenue is responsible for the preparation of Union Budget that is presented to the Parliament.No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India.All the disbursements made from Public Account also need the authorization from the Parliament of India.Which of the statements given above is/are correct?

Accepted Answer

The Department of Economic Affairs is responsible for preparing the Union Budget, not the Department of Revenue. Therefore, the first statement is incorrect.The second statement is correct as no amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India.The third statement is incorrect because disbursements from the Public Account do not require parliamentary authorization. The Public Account includes items like provident fund deposits, judicial deposits, savings bank deposits, departmental deposits, and remittances. These are operated by executive action, and payments from this account can be made without parliamentary appropriation, as they are mostly in the nature of banking transactions.Therefore, only the second statement is correct.Source: Laxmikanth