With reference to Union Budget, consider the following statements:
1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India.
Which of the statements given above is/are correct?
Answer:
(b)
Easy
Core Books/NCERT
Statement 1 is Incorrect. According to Article 112 of the Constitution of India, the Union Finance Minister lays the Annual Financial Statement (the Union Budget) before both the Houses of Parliament on behalf of the President of India, not the Prime Minister. The President’s name is formally associated with the budget presentation, though it is the Finance Minister who actually presents it. Statement 2 is Correct. As per Article 113 of the Constitution of India, no demand for a grant can be made except on the recommendation of the President of India. This means that any expenditure from the Consolidated Fund of India must be approved by the President before being discussed and voted upon by the Parliament. https://www.civilsdaily.com/burning-issue-indian-budget-and-fiscal-deficit/