Showing posts with label Appropriation Bills. Show all posts
Showing posts with label Appropriation Bills. Show all posts
An appropriation bill or running bill is a legislative motion (bill) which authorizes the government to spend money. It is a bill that sets money aside for specific spending.[1] In most democracies, approval of the legislature is necessary for the government to spend money.
In a parliamentary system, the defeat of an appropriation bill in a parliamentary vote generally necessitates either a resignation of a government or the calling of a general election.
appropriation:money set aside (as by a legislature) for a specific purpose
Labels: Appropriation Bills
The Lok Sabha has passed the Appropriation Bill, 2012. It authorises payment and appropriation of certain sums from the Consolidated Fund of India for services in the financial year 2012-13.
Finance Minister Pranab Mukherjee introduced the Bill, which was passed by the House after negating all the cut motions moved by the Opposition. Earlier, Speaker Meira Kumar guillotined (closure imposed on the debate of specific sections of a bill)the outstanding Demands for Grants in the General Budget.
Finance Minister Pranab Mukherjee introduced the Bill, which was passed by the House after negating all the cut motions moved by the Opposition. Earlier, Speaker Meira Kumar guillotined (closure imposed on the debate of specific sections of a bill)the outstanding Demands for Grants in the General Budget.
Labels: Appropriation Bills
he Finance Minister, Mr. Pranab Mukherjee on Wednesday called for more investments in the agriculture sector to boost the country’s food security. Mr. Mukherjee said for the first time, India has produced more than one hundred million tones of rice. He said this could not be possible without investment in agricultural extension services and research and development and hailed the scientists and farmers. In this context, he assured that the government will take note of observations of
Appropriation Bills for future strategy.
Referring to the second green revolution in Eastern India, the Finance Minister said that the government will consider a suggestion to set up a committee of Chief Ministers to promote agriculture in the Eastern States including Chhattisgarh, Bihar, West Bengal, Odisha and Assam. Talking about food security, Mr. Mukherjee said the country has produced about 250 million tones of foodgrains in 2011-12. He said the government has made adequate allocations for ensuring storage facilities.
On the budgetary proposals, he has taken note of uncertainty prevailing in the country and outside while working out a domestic demand-driven strategy. He said investment in infrastructure, irrigation, rural infrastructure and education is leading towards strengthening the generation of the domestic demand fueling to attain the desired GDP growth.
The Finance minister said he will consider the demand for rollback of excise duty on non-branded jewellery. Later, the House returned the Appropriation Bills, which were passed by the Lok Sabha on Tuesday.
Referring to the second green revolution in Eastern India, the Finance Minister said that the government will consider a suggestion to set up a committee of Chief Ministers to promote agriculture in the Eastern States including Chhattisgarh, Bihar, West Bengal, Odisha and Assam. Talking about food security, Mr. Mukherjee said the country has produced about 250 million tones of foodgrains in 2011-12. He said the government has made adequate allocations for ensuring storage facilities.
On the budgetary proposals, he has taken note of uncertainty prevailing in the country and outside while working out a domestic demand-driven strategy. He said investment in infrastructure, irrigation, rural infrastructure and education is leading towards strengthening the generation of the domestic demand fueling to attain the desired GDP growth.
The Finance minister said he will consider the demand for rollback of excise duty on non-branded jewellery. Later, the House returned the Appropriation Bills, which were passed by the Lok Sabha on Tuesday.
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