Appropriation Act

Appropriation Bill

June 9, 2017

Appropriation is the process of setting aside the money for a particular purpose or expenditure. As per Article 114 of the constitution of India, no amount can be withdrawn from the consolidated fund of India without authorisation from the parliament of India or legislature of the states....

Appropriation Act and Finance Act

November 19, 2015

An Appropriation Act in India is an act of Parliament which allows the withdrawal of funds from Consolidated Fund of India or Consolidated Funds of States (in case of state budgets). Similarly, the Finance Act of Central Government gives effect to the taxation proposals in the beginning...