PPT: Center State Relations Notes | EduRev

Crash Course for UPSC aspirants

UPSC : PPT: Center State Relations Notes | EduRev

 Page 1


Centre-State  
Financial Relations 
Prelims 2020 Crash Course 
Capstone IAS Learning 
Page 2


Centre-State  
Financial Relations 
Prelims 2020 Crash Course 
Capstone IAS Learning 
What will we cover
Different funds under Central and State 
Governments. 
101st Constitutional Amendment Act[GST] 
Grants given by Centre to States. 
Finance Commission  
Various other provisions with respect to ?nancial 
relations between Centre and States.
Page 3


Centre-State  
Financial Relations 
Prelims 2020 Crash Course 
Capstone IAS Learning 
What will we cover
Different funds under Central and State 
Governments. 
101st Constitutional Amendment Act[GST] 
Grants given by Centre to States. 
Finance Commission  
Various other provisions with respect to ?nancial 
relations between Centre and States.
Different types of Funds
Article 266 [Consolidated Funds and Public Account] 
(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”.
Page 4


Centre-State  
Financial Relations 
Prelims 2020 Crash Course 
Capstone IAS Learning 
What will we cover
Different funds under Central and State 
Governments. 
101st Constitutional Amendment Act[GST] 
Grants given by Centre to States. 
Finance Commission  
Various other provisions with respect to ?nancial 
relations between Centre and States.
Different types of Funds
Article 266 [Consolidated Funds and Public Account] 
(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 the other public moneys received by or on 
behalf of the Government of India or the Government 
of a State shall be credited 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.
Page 5


Centre-State  
Financial Relations 
Prelims 2020 Crash Course 
Capstone IAS Learning 
What will we cover
Different funds under Central and State 
Governments. 
101st Constitutional Amendment Act[GST] 
Grants given by Centre to States. 
Finance Commission  
Various other provisions with respect to ?nancial 
relations between Centre and States.
Different types of Funds
Article 266 [Consolidated Funds and Public Account] 
(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 the other public moneys received by or on 
behalf of the Government of India or the Government 
of a State shall be credited 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.
Article 267 [Contingency Fund] 
(1)  Parliament may by law establish a Contingency Fund in the nature of an 
imprest to be entitled “the Contingency Fund of India” into which shall be paid 
from time to time such sums as may be determined by such law, and the said 
Fund shall be placed at the disposal of the President to enable advances to be 
made by him out of such Fund for the purposes of meeting unforeseen 
expenditure pending authorisation of such expenditure by Parliament by law 
under article 115 or article 116. 
(2)  The Legislature of a State may by law establish a Contingency Fund in the 
nature of an imprest to be entitled “the Contingency Fund of the State” into 
which shall be paid from time to time such sums as may be determined by such 
law, and the said Fund shall be placed at the disposal of the Governor 
1
***of the 
State to enable advances to be made by him out of such Fund for the purposes 
of meeting unforeseen expenditure pending authorisation of such expenditure 
by the Legislature of the State by law under article 205 or article 206.
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