Article 266 In English | Article 266 Of Indian Constitution In English | What Is Article 266

In this Post, You know about Article 266 Of Indian Constitution In English. If you do not know about what is Article 266, 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 266 has also been told in the India constitution. Every person of India must have know about the Indian Constitution Articles.

Article 266 Of Indian Constitution In English

Article 266 – Consolidated Funds and public accounts of India and of the States.
(1) Subject to the provisions of Article 267 and to the provisions of this Chapter with respect to the assignment of the whole or part of the net proceeds of certain taxes and duties to States, all revenues received by the Government of India, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled the Consolidated Fund of India, and all revenues received by the Government of a State, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled the Consolidated Fund of the State.
(2) All other public moneys received by or on behalf of the Government of India or the Government of a State shall be entitled to the public account of India or the public account of the State, as the case may be.
(3) No moneys out of the Consolidated Fund of India or the Consolidated Fund of a State shall be appropriated except in accordance with law and for the purposes and in the manner provided in this Constitution.

indian constitution part 12 articles

Article 266 In English

266 Article – Consolidated Fund and Public Accounts of India and the States.
(1) Subject to the provisions of article 267 and in relation to the entrustment to the States wholly or partly of the net income of certain taxes and duties, all revenues received by the Government of India, all debts of Treasury bills by that Government There shall be created a Consolidated Fund to be entitled to the Consolidated Fund of India by issuing loans or ways and means advances and all moneys received by that Government in repayment of loans, and all revenue received by the Government of a State, Treasury bills by that Government. All loans raised by issuing loans or ways and means advances and all moneys received by that Government in repayment of loans shall form a Consolidated Fund to be entitled to the Consolidated Fund of the State.
(2) All other public moneys received by or on behalf of the Government of India or the Government of any State, as the case may be, shall be entitled to the public account of India or the public account of the State.
(3) No moneys from the Consolidated Fund of India or the Consolidated Fund of any State shall be appropriated except in accordance with law and for the purposes and in the manner provided for in this Constitution.

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 266 Of Indian Constitution?

Article 266 Debate Summary

Article 248A of the draft was discussed on 4 August 1949. It was not initially included in the 1948 draft Constitution of India. It was introduced in the Constituent Assembly by the Chairman of the Drafting Committee.

This draft article created the Consolidated Fund of India and the Consolidated Fund of the States. All funds raised or received by the Central and State Governments shall be credited to these funds. There was no substantive debate on this article. The draft Article 248A was adopted on 4 August 1949.

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