From where do the Salaries and Allowances of the Council of Ministers...
The correct answer is Consolidated Fund of the State.
- Consolidated fund of India (Article 266(1)) is the revenue account of the Government of India Consisting of income from Income Tax, Indirect Tax, and Non-tax revenues and expenses made excluding exceptional items.
Key-Points
The salaries of - President
- Vice president
- Comptroller and Auditor General (CAG)
- Chairman and Deputy Chairperson of Rajya Sabha
- Speaker and Deputy Speaker of Lok Sabha
- judges of the Supreme Court
- Chairman and members of UPSC etc
- are charged to the Consolidated Fund of India.
Consolidated fund of State (Article 266(1)) is the revenue account of the State Government Consisting of Tax and Non-tax revenues and expenses of State Government. It is a separate fund for each state.
The Salaries of - High Court Judges
- Council of Ministers
- Governor etc.
are charged to the Consolidated Fund of State.
Contingency Fund of India (Article 267 (1)) is a fund that is used by the union government at the time of unforeseen crisis. For example natural disasters.
- It is kept with the Union Government.
Contingency Fund of State (Article 267(2)) is a fund that is kept with the Governor of individual states to meet the unforeseen expenditure of the State.
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From where do the Salaries and Allowances of the Council of Ministers...
Salary and Allowances of State Government Ministers
The salaries and allowances of the Council of Ministers of the State Government are paid from the Consolidated Fund of the State. Let us understand what Consolidated Fund of the State means and how it operates.
Consolidated Fund of the State
The Consolidated Fund of the State is a fund that is maintained by the State Government under Article 266 of the Indian Constitution. This fund is formed by the revenues received by the State Government, such as taxes, grants, fees, and other receipts. The Consolidated Fund of the State is a permanent fund and all government expenditure is met from this fund.
Sources of Revenue for Consolidated Fund of the State
The sources of revenue for the Consolidated Fund of the State are:
1. Taxes: The taxes collected by the State Government, such as sales tax, excise duty, stamp duty, etc., are deposited into the Consolidated Fund of the State.
2. Non-Tax Revenue: The non-tax revenue that the State Government receives, such as fees, fines, and penalties, is also deposited into the Consolidated Fund of the State.
3. Grants: The grants that the State Government receives from the central government, such as the Finance Commission grants, are also deposited into the Consolidated Fund of the State.
4. Borrowings: The borrowings made by the State Government, such as loans and bonds, are also deposited into the Consolidated Fund of the State.
Payment of Salaries and Allowances
The salaries and allowances of the Council of Ministers of the State Government are paid from the Consolidated Fund of the State. The payment of salaries and allowances to the Council of Ministers is a recurring expenditure, which means that it is met from the revenue receipts of the State Government. The payment of salaries and allowances to the Council of Ministers is an important expenditure, as it is necessary to attract and retain talented individuals in the government. The payment of salaries and allowances to the Council of Ministers is also an important aspect of the financial management of the State Government, as it ensures that the government is able to function effectively and efficiently.
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