Public Accounts
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− | This term derives its origin from the Constitution of India. | + | <p>This term derives its origin from the Constitution of India.</p> |
− | + | <p>Besides the normal receipts and expenditure of Government which relate to the | |
− | Besides the normal receipts and expenditure of Government which relate to the | + | |
Consolidated Fund, certain other transactions enter Government Accounts, in | Consolidated Fund, certain other transactions enter Government Accounts, in | ||
respect of which Government acts more as a banker. Transactions relating to | respect of which Government acts more as a banker. Transactions relating to | ||
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public monies thus received are kept in the Public Account set up under Article | public monies thus received are kept in the Public Account set up under Article | ||
266(2) of the Constitution and the connected disbursements are also made there | 266(2) of the Constitution and the connected disbursements are also made there | ||
− | from. | + | from.</p> |
− | + | <p>Similarly, Receipt and disbursement in respect of certain transactions such | |
− | Similarly, Receipt and disbursement in respect of certain transactions such | + | |
as small savings, provident funds, reserve funds, deposits, suspense, | as small savings, provident funds, reserve funds, deposits, suspense, | ||
remittances etc which do not form part of the Consolidated Fund of the state, | remittances etc which do not form part of the Consolidated Fund of the state, | ||
− | are kept in the Public Account are not subject to vote by the State Legislature. | + | are kept in the Public Account are not subject to vote by the State Legislature.</p> |
==Contributed by== | ==Contributed by== | ||
* [http://www.ies.gov.in/myaccount-profile-view.php?memid=128 Dr. Anuradha Balaram] | * [http://www.ies.gov.in/myaccount-profile-view.php?memid=128 Dr. Anuradha Balaram] | ||
+ | *Email- [mailto:pabalaram@hotmail.com pabalaram@hotmail.com] | ||
+ | |||
+ | [[Category:concepts|PublicAccounts]] |
Latest revision as of 08:14, 9 April 2015
This term derives its origin from the Constitution of India.
Besides the normal receipts and expenditure of Government which relate to the Consolidated Fund, certain other transactions enter Government Accounts, in respect of which Government acts more as a banker. Transactions relating to provident funds, small savings, other deposits, etc., are a few examples. The public monies thus received are kept in the Public Account set up under Article 266(2) of the Constitution and the connected disbursements are also made there from.
Similarly, Receipt and disbursement in respect of certain transactions such as small savings, provident funds, reserve funds, deposits, suspense, remittances etc which do not form part of the Consolidated Fund of the state, are kept in the Public Account are not subject to vote by the State Legislature.