Article 293 In English | Article 293 Of Indian Constitution In English | What Is Article 293

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Article 293 Of Indian Constitution In English

Article 293 – Borrowing by States.
(1) Subject to the provisions of this article, the executive power of a State extends to borrowing within the territory of India upon the security of the Consolidated Fund of the State within such limits, if any, as may from time to time be fixed by the Legislature of such State by law and to the giving of guarantees within such limits, if any, as may be so fixed.
(2) The Government of India may, subject to such conditions as may be laid down by or under any law made by Parliament, make loans to any State or, so long as any limits fixed under Article 292 are not exceeded, give guarantees in respect of loans raised by any State, and any sums required for the purpose of making such loans shall be charged on the Consolidated Fund of India.
(3) A State may not without the consent of the Government of India raise any loan if there is still outstanding any part of a loan which has been made to the State by the Government of India or by its predecessor Government, or in respect of which a guarantee has been given by the Government of India or by its predecessor Government.
(4) A consent under clause ( 3 ) may be granted subject to such conditions, if any, as the Government of India may think fit to impose CHAPTER III PROPERTY, CONTRACTS, RIGHTS, LIABILITIES, OBLIGATIONS AND SUITS.

indian constitution part 12 articles

Article 293 In English

293 Article – Lending by the states.
(1) Subject to the provisions of this article, the executive power of a State extends to the security of the Consolidated Fund of the State within the territory of India to borrow on the security of the Consolidated Fund within such limits, if any, as may be fixed from time to time. can. To guarantee by the Legislature of such State by law and within such limits, if any, as may be prescribed.
(2) The Government of India may, subject to such conditions as may be prescribed by or under any law made by Parliament, make loans to any State or, so long as any limit prescribed under article 292 is exceeded. in respect of loans taken by any State, and any sum necessary for the purpose of making such loans shall be charged to the Consolidated Fund of India.
(3) No State may take a loan without the consent of the Government of India if any part of a debt is still outstanding which has been given to the State by the Government of India or its predecessor Government, or in respect thereof which is guaranteed by the Government of India or given by his previous government.
(4) The consent under clause (3) may be given subject to such conditions, if any, as the Government of India may deem fit to enforce Chapter III property, contracts, rights, liabilities, obligations and suits.

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 293 Of Indian Constitution?

Article 293 Debate Summary

Draft Article 269 (Article 293, Constitution of India 1950) was debated on 10 August 1949. It said that the executive power of the state includes borrowing from the revenue of the state in accordance with laws introduced by the Parliament. The central government can also make laws with respect to loans given to the states.

The chairman of the drafting committee introduced three amendments. (i) Omitting the words and figures ‘for the time specified in Part I of the First Schedule’. In clause (1) of the Second Draft Article, to substitute the words “the revenue of the State” with the “Consolidated Fund of the State”. The last amendment reads clause (2) of the article “The Government of India may, subject to such conditions as may be prescribed by or under any law made by Parliament, make loans to any State or until guarantee in respect of a loan raised by any State, and any sum required for such loan shall be charged to the Consolidated Fund of India.”

All amendments were accepted without any debate or discussion. The draft article was adopted on the same day as the amended one.

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