APPROPRIATION BILL : POLITY

APPROPRIATION BILL : POLITY

NEWS :  The Lok Sabha passed the Appropriation (No. 2) Bill, 2024 .

 

WHAT’S IN THE NEWS?

LS passes Bill to allow expenditure for FY 2024-25

 

Appropriation (No. 2) Bill, 2024

  1. Introduction and Passage:
    • Introduced by the Finance Minister.
    • Passed by voice vote in the Lok Sabha.
    • Discussions on budgets for several ministries were guillotined by Speaker Om Birla before considering the Appropriation Bill.
  2. Financial Provisions:
    • Specifies allocations to various ministries and departments.
    • Significant allocations for the Ministry of Defence, Ministry of Agriculture, and Ministry of Health and Family Welfare.
  3. Impact on Public Welfare:
    • Supports numerous public welfare schemes and projects.
    • Examples include the Pradhan Mantri Matsya Sampada Yojana and various health and education initiatives.
  4. Importance:
    • Ensures funds for essential services and development projects.
    • Reflects focus on equitable resource distribution across states.
    • Vital for planned expenditure for the financial year 2024-25.

 

Consolidated Fund of India:

  • Comprises all revenues, loans, and receipts from recoveries of loans.
  • Government expenditure is incurred from this fund.
  • No withdrawal without Parliament's authorisation.

 

Guillotine:

  • Expedites financial business by grouping it together.
  • Common practice in the Lok Sabha during the Budget Session.

 

Source :   https://epaper.thehindu.com/ccidist-ws/th/th_delhi/issues/94002/OPS/GMAD5JGM6.1+GK2D5KTU9.1.html