Article 112 In English | Article 112 Of Indian Constitution In English | What Is Article 112

In this Post, You know about Article 112 Of Indian Constitution In English. If you do not know about what is Article 112, then this post you will give you complete information about that Indian Constitution Article.

Articles are given in our Indian Constitution, in which one mark has been given to each provision where article 112 has also been told in the india constitution. Every person of India must have know about the Indian Constitution Articles.

Article 112 Of Indian Constitution In English

Article 112 – Annual financial statement
(1) The President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for that year, in this Part referred to as the annual financial statement.

(2) The estimates of expenditure embodied in the annual financial statement shall show separately.
(a) the sums required to meet expenditure described by the Condition as expenditure charged upon the Consolidated Fund of India; and
(b) the sums required to meet other expenditure proposed to be made from the Consolidated Fund of India, and shall distinguish expenditure on revenue account from other expenditure.

(3) The following expenditure shall be expenditure charged on the Consolidated Fund of India.
(a) the emoluments and allowances of the President and other expenditure relating to his office;
(b) the salaries and allowances of the Chairman and the Deputy Chairman of the Council of States and the Speaker and the Deputy Speaker of the House of the People;
(c) debt charges for which the Government of India is liable including interest, sinking fund charges and redemption charges, and other expenditure relating to the raising of loans and the service and redemption of debt;
(d)
(i) the salaries, allowances and pensions payable to or in respect of Judges of the Supreme Court,
(ii) the pensions payable to or in respect of Judges of the Federal Court,
(iii) the pensions payable to or in respect of Judges of any High Court which exercises jurisdiction in relation to any area included in the territory of India or which at any time before the commencement of this Constitution exercises jurisdiction in relation to any area included in a Governors Province of the Dominion of India;
(e) the salary, allowances and pension payable to or in respect of the Comptroller and Auditor General of India;
(f) any sums required to satisfy any judgment, decree or award of any court or arbitral tribunal;
(g) any other expenditure declared by this Constitution or by Parliament by law to be so charged.

indian constitution part 5 articles

Article 112 In English

112 Article – annual financial statement
(1) The President shall cause in respect of each financial year to be laid before both the Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for that year, in this part called the annual financial statement.
(2) The estimates of expenditure embodied in the annual financial statement shall be shown separately.
(a) the amount necessary to meet the expenditure described by the condition as being an expenditure charged on the Consolidated Fund of India; And
(b) the amount required to meet the other expenditure proposed to be incurred from the Consolidated Fund of India, and shall separate the expenditure on the revenue account from the other expenditure
(3) The following expenditure shall be an expenditure charged on the Consolidated Fund of India.
(a) the emoluments and allowances of the President and other expenditure relating to his office;
(b) the salaries and allowances of the Chairman and Deputy Speaker of the Council of States and the Speaker and Deputy Speaker of the House of the People;
(c) loan charges for which the Government of India is liable, including interest, sinking fund charges and redemption charges, and other expenses relating to raising debts and servicing and redemption of debts;
(D)
(i) the salaries, allowances and pensions payable to or in respect of Judges of the Supreme Court,
(ii) pension payable to or in respect of Judges of a Federal Court,
(iii) pension payable to or in respect of Judges of any High Court which exercises jurisdiction in respect of any area included in the territory of India or which at any time before the commencement of this Constitution exercises jurisdiction in any area included in a Governor’s province of the Dominion of India exercises jurisdiction in relation to;
(e) the salaries, allowances and pensions payable to or in respect of the Comptroller and Auditor-General of India;
(f) any sum necessary to satisfy any judgment, decree or award of any court or arbitral tribunal;
(g) any other expenditure declared by this Constitution or Parliament by law to be so charged.

Note- All the things mentioned in this have been taken from the Indian Constitution itself. That is, it is the word of the constitution.

What Is Article 112 Of Indian Constitution?

Article 112 Debate Summary

Draft Article 92 (Article 112, Constitution of India 1950) was debated on 8 June 1949, 10 June 1949 and 13 October 1949. It directs the President of India to submit an annual financial statement of the expenditure of the Government of India – popularly known as the Union Budget – to the Parliament of India. It details what such a statement should contain and how it should be presented.

A member moved an amendment that would also allow the Finance Minister in addition to the President to submit annual financial statements. He said that even though the President is the head of the executive, the Finance Minister should be given the opportunity to present the budget – as he directly headed the financial administration of the country.

In addition, he stressed on maintaining the ‘absolute and exclusive supremacy’ of Parliament over financial matters. In addition, this member demanded the primacy of the Lok Sabha over the budget. He argued that the parity between the two Houses on finance matters was ‘fundamentally contrary to the basic idea of ​​the Constitution’.

After finalizing the budget, a copy of the budget can be given to the Council of States. This would ensure that the popular representatives of the people would determine the financial decisions of the nation. This member was desirous of recovering the salaries and allowances of Ministers and Members of Parliament from the Consolidated Fund of India.

They argued that Clause 3 provides for the consideration of the salaries of several members of constitutional bodies, to be considered, the Ministers and the Members of Parliament to be treated in the same category. The assembly rejected all these proposals. It adopted the article on 10 June 1949 with the changes suggested by the Drafting Committee.

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