Article 112 of Constitution of India - Annual financial statement.

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Article 112 of Constitution of India - Annual financial statement.

Article 112 of Constitution of India - Annual financial statement.

Article 112 of the Indian Constitution mandates the preparation and submission of an annual financial statement to Parliament.

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NCERT Summary (Class VI – XII) One Liner for UPSC/IAS Preparation

NCERT Summary (Class VI to XII) One Liner for UPSC/IAS Preparation

and shall distinguish expenditure on revenue account from other expenditure.


Explanation of Constitution of India » Article 112 – Annual financial statement.

Purpose:

Article 112 of the Indian Constitution mandates the preparation and submission of an annual financial statement to Parliament. This statement provides a comprehensive overview of the government’s financial operations and position.

Key Provisions:

Significance:

The annual financial statement serves several important functions:

Amendments:

Article 112 has been amended several times to update its provisions and align it with changing financial practices. Notable amendments include:

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POLITICAL THEORY NOTES for UPSC/IAS Preparation

POLITICAL THEORY NOTES for UPSC/IAS Preparation