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Jammu and Kashmir Appropriation Bill, 2022

 



                    Jammu and Kashmir Appropriation Bill, 2022


The two Jammu and Kashmir Appropriation Bills were moved for consideration in the Rajya Sabha by Finance Minister Nirmala Sitharaman.

The two bills, the Jammu and Kashmir Appropriation Bill, 2022 and the Jammu and Kashmir Appropriation (No. 2) Bill, 2022, permitted the Centre to authorise payment and appropriation of certain sums from and out of the Union Territory's Consolidated Fund for the Financial Years 2021-22 and 2022-23.


According to the first Bill, “from and out of the consolidated fund of Jammu and Kashmir, there may be paid and applied sums not exceeding those specified in column 3 of the Schedule amounting in the aggregate to the sum of eighteen thousand eight hundred sixty crore, thirty-two lakh and thirty-four thousand rupees towards defraying the several charges which will come in course of payment during the financial year 2021-22 in respect of the services specified in column 2 of the Schedule.”


Appropriation bills, for example. The bill gives the government the authority to take monies from the Consolidated Fund of India to cover expenses throughout the fiscal year. The government can only remove money from the Consolidated Fund with Parliament's agreement, according to Article 114 of the Constitution. The money taken out is utilised to cover current expenses during the fiscal year. Article 266 (1) of the Indian Constitution established the Consolidated Fund of India. It is made up of all tax revenues (Income Tax, Central Excise, Customs, and other receipts) as well as other non-tax revenues received by the Centre. All loans obtained by the Centre through the publication of public notices, treasury bills (internal debt), and borrowing from foreign governments and international organisations (external debt).

All government expenditures are paid from this fund (with the exception of extraordinary items, which are paid from the Contingency Fund or the Public Account), and no money can be taken out without Parliament's permission. The fund is audited by the Comptroller and Auditor-General of India (CAG), who then reports on its management to the relevant legislatures.





In October 2019, the Assembly was suspended after Section 73 of the Jammu and Kashmir Reorganisation Statute, 2019 was invoked and a proclamation was issued suspending the execution of several parts of the said act. Jammu and Kashmir's governance was then placed directly under the control of the central government.

The President is empowered under Section 74 of the Jammu and Kashmir Reorganisation Act to authorise payment from the Consolidated Fund of the Union territory of Jammu and Kashmir if the assembly is dissolved or the functioning is halted, pending the approval of such expenditure by Parliament.

The sums authorised to be paid from and out of the Union territory of Jammu and Kashmir's Consolidated Fund by this Act shall be appropriated for the services and purposes (including revenue for general administration, finance, law, social welfare, housing, and other departments) listed in the Schedule for the year.



The bill was considered amid the allocation of 1.42 lakhs budget for the Union Territory..


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