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UNION LEGISLATURE PART-3 BUDGET IN PARLIAMENT BY ATRISHEKHAR - Coggle…
UNION LEGISLATURE
PART-3
BUDGET IN PARLIAMENT
BY ATRISHEKHAR
CONSTITUTIONAL PROVISIONS
The President every financial year laid before both the Houses of Parliament a statement of estimated receipts and expenditure
. No demand for a grant shall be made except on therecommendation of the President
. No money shall be withdrawn from the CFI except under appropriation made by law
. No money bill imposing tax shall be introduced in theParliament except on the recommendation of the President nd such a bill shall not be introduced in the Rajya Sabha.,
No tax shall be levied or collected except by authority of law.
. Parliament can reduce or abolish a tax but cannot increase
MONEY OR FINANCE BILL
(a) A money bill or finance bill dealing with taxation cannot be introduced in the Rajya Sabha–it must be introduced only in the Lok Sabha.
(b) The Rajya Sabha has no power to vote on the demand for grants; it is the exclusive privilege of the Lok Sabha.
(c) The Rajya Sabha should return the Money bill (or Finance bill) to the Lok Sabha within fourteen days. The Lok Sabha can either accept or reject the recommendations made by Rajya Sabha in this regard.
Charged Expenditure
Non Votable
Only be discussed
Salary & Allowances
Chairman
Dy Chairman
Speaker
DY Speaker
. Salary & Allowances with Pension
SC Judges
CAG
UPSC Chairman & Members
. Only Pension
HC Judges
BUDGET BACKGROUND & FACTS
ANNUAL FINANCIAL STATEMENT
Article 112
Budget is a financial document and finance bill is the tool to earn revenue for the objectives stated in the budget.
Term budget is nowhere used in constitution
Finance Bill is a secret bill introduced in Lok Sabha every year immediately after the presentation of the General Budget to give effect to the financial proposals of the Government of India for the following financial year
Budget and is process Article 112 to 117
the budget is passed as 2 separate bills called the "Finance Bill" and the "Appropriation Bill", both being money bills.
Acworth committee
divided RAIL & GENERAL budget 1921
Bibek debroy committee
merged RAIL & GENERAL budget in 2016
Parliament has to pass the Finance Bill within 75 days of its introduction.
CONTENT OF BUDGET
Estimates of revenue and capital receipts
Ways and means to raise the revenue
Estimates of expenditure;
3.Details of the actual receipts and expenditure
reasons for any deficit or surplus
4.Economic and financial policy of the coming year,
taxation proposals,
introduction of new schemes/projects.
spending
programme and
prospects of revenue,
(i) Budget Speech
(ii) Annual Financial Statement
(iii) Demands for Grants
(iv) Appropriation Bill
(v) Finance Bill
(vi) Statements mandated under the FRBM Act:
b) Fiscal Policy Strategy Statement
(c) Medium Term Fiscal Policy Statement
(a) Macro-Economic Framework Statement
(vii) Expenditure Budget
(viii) Receipts Budget
(ix) Expenditure Profile
(x) Memorandum Explaining the Provisions in the Finance Bill
(xi) Budget at a Glance
(xii) Outcome Budget
Earlier, the Economic Survey also used to be presented to the
Parliament along with the budget Now, it is presented one day or
a few days before the presentation of the budget.
STAGES OF BUDGET
3.SCRUTINY BY DEPARTMENTAL COMMITTES विभागीय समितियों द्वारा जांच
After discussion
adjourned for 3 to 4 weeks
24 departmental standing committees of Parliament examineand discuss in detail the demands for grants of the concerned
These reports are
submitted to both the Houses of Parliament for consideration.
2.GENERAL DISCUSSION सामान्य चर्चा
a few days after its
presentation.
in both the Houses of Parliament
Takes around for 3-4 days
Lok Sabha can discuss the budget as a
whole or on any question of principle involved
but no cut
motion can be moved
nor can the budget be submitted to the vote
of the House.
finance minister has a general right of reply at
the end of the discussion.
PASSING OF APPROPRIATION BILL
no money shall be withdrawn from
the CFI except under appropriation made by law’
Appropriation Bill becomes the Appropriation ACT
‘vote on account’
‘estimated expenditure for a part of the
financial year, pending the completion of process
1.PRESENTATION OF BUDGET बजट प्रस्तुतिकरण
can also be presented to the House in two or more
parts
Presented to the Lok Sabha by the
finance minister as a ‘budget speech’.
At the end of the speech in the Lok
Sabha, the budget is laid before the Rajya Sabha,
RS can only
discuss it
RS has no power to vote on the demands for grants
6
.PASSING OF FINANCE BILL
The Finance Act legalises the income side of the budget and completes the process of the enactment of the budget.
According to the Provisional Collection of Taxes Act of 1931,the Finance Bill must be enacted (i.e., passed by the Parliament and assented to by the president) within 75 days.
4.VOTING ON DEMANDS FOR GRANTS अनुदान मांगों पर मतदान
After scrutiny Lok Sabha takes up voting of demands for
grants ministrywise
is the exclusive privilege of the Lok Sabha
the voting is confined to the votable part of the budget
Ependiture charged(प्रभारित व्यय ) on the Consolidated Fund of India(भारत की संचित निधि) is not
submitted to the vote (it can only be discussed).
can discuss the details of the
budget
Each demand is voted separately by the Lok Sabha
can also move "CUT MOTIONS"
Policy Cut Motion
amount of the demand be reduced to Re 1
represents the disapproval of the policy underlying the demand.
members can also advocate an alternative policy
Token Cut Motion
amount of the demand be reduced by ₹100.
ventilates a specific grievance that is within the sphere of responsibility of the GOI
Economy Cut Motion
amount of the demand be reduced
by a specified amount
represents the economy that can be affected in the proposed expenditure
on the last day GUILLOTINE ,"Speaker puts all the remaining
demands to vote and disposes them whether they have been
discussed by the members or not
26 days are alloted for votings of demand