Article 112 of CoI : Article 112: Annual Financial Statement

Explanation using Example

Imagine the government of India is planning its budget for the upcoming financial year. As per Article 112 of the Constitution of India, the President is required to present an "annual financial statement" to both houses of Parliament. This statement must include a detailed estimate of the government's receipts and expenditures for the year.

For example, the Finance Minister, on behalf of the President, prepares the Union Budget. This budget will show two types of ex...

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