Current Affairs Question - 23 March 2021
National Government Budgeting
Grants And Funds In Indian Budget
Consider the following statements:
- Supplementary Grant is granted when the amount authorised by the Parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year.
- The Comptroller and Auditor General (CAG) brings the demand for an excess grant to the notice of Parliament through a report on appropriation account.
- Additional Grant is granted when a need has arisen during the current financial year for supplementary or additional expenditure upon some new service not contemplated in the Budget for that year.
Which of the statement(s) is/are correct?
2 and 3
1 and 3
1,2 and 3